pull down to refresh
50 sats \ 3 replies \ @Satosora 28 Oct 2024 \ on: The "Righteously Pissed Off" Are Ready To Go To Work To Fix Whatever They Can Politics_And_Law
The Lehman Brothers.
I am more of a fan of the Hunt brothers, when they tried to corner the market on silver. Because the government interfered, they went bankrupt.
Harris seems to not understand what it is like at the big kids table.
They were both caused by the government interfering in the marketplace.
The Hunt Bros. Did not go bankrupt, they had other businesses operating.
Lehman Bros. We’re leveraging themselves to the high heavens, counting on the “too big to fail” theory.
Moral hazard is a b*tch when those supposedly backing you up, shiv you, instead.
reply
The Hunt brothers suffered because of what the government did to depreciate the price on silver.
They never got back up to the state they were running before.
Isnt that what the government is there to do? Shiv you until you pay with taxes.
Or they use guns now.
reply
They have always used guns. George Washington shut down the Whiskey Rebellion (about taxes on whiskey) by sending out the Continental Army. They were tired of the taxes even then.
reply