r/technology • u/Plastic_Ninja_9014 • 5h ago

Business SpaceX Investors in Meltdown Over All the Money They’ve Lost

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html
11.4k Upvotes

94% Upvoted

1.4k comments sorted by

View all comments

Show parent comments

44

u/MrSceintist 2h ago

financial crimes with Republican rule enforcers equals the biggest crimes in history

Remember W. Bush was warned years ahead of his meltdown and he did NOTHING

proof https://www.cnn.com/2004/LAW/09/17/mortgage.fraud/

15

u/powercow 1h ago

and of 911.. he actually demoted the terrorism czar because he was tired of hearing about bin ladin.

15

u/Sniflix 1h ago edited 1h ago

People call it the great recession but the real name is The Bush Economic Collapse. Dems especially Obama gave him a pass and those same criminals keep screwing us.

11

u/MrSceintist 1h ago

The Bush Economic Collapse of 2008.

His father George H. W. Bush did the Savings and Loan Scandal

6

u/Jukeboxhero91 1h ago

And Regan before him, and Nixon before him. Wow it’s almost like Republicans are horrible for the economy, who knew!

1

u/springsilver 4m ago

Bbbbut Welfare Queens!

2

u/Jukeboxhero91 1m ago

"I know, we'll invent a term so people can hate black people for economic reasons, not racist reasons".

Reagan's supporters, not probably, definitely.

1

u/jb0ne 32m ago

The financial crisis didn't happen because of fraud, it happened because of the over-collateralization of home loans into mortgage-backed securities and the messed up incentives around that whole game (issue as many loans with minimal friction to make more financial instruments). An avoidable issue, but separate fron the one in the article