zlacker

>>g-mork+(OP)
From the Big Short (movie)

Jared Vennett (narration): "In the years that followed, hundreds of bankers and rating agency's executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries."

"Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers."

>>eduard+tq
I really don't know what you're trying to say. From your comment alone the conclusion I drew was that we should spend more on the industries that makes physical instead of financial products, such as SpaceX.

>>rainco+nt
The sequence of events: Elon doing a leveraged buyout of X, then xAI funding, then debt transfers to X, then the xAI–X stock deal. Now the proposed SpaceX–xAI merger appears to have shifted X’s financial burden from Musk personally toward xAI investors and, potentially, future SpaceX shareholders.

This is speculative, of course, but yeah seems likely.

>>caust1+vx
So what? People who buy SpaceX shares should take into account all of its debt when deciding how much to pay for a share.

>>lotsof+9y
Just like people should've thought about all the Related Party transactions when deciding how much to pay for Enron.