They’re very much not. They have high valuations, but very few employees. Very different to the banks (where the public would lose money) and the car firms (who employed large numbers of workers)
Not current accounts which was what was at risk in 2008. When the bank goes bust you don’t just lose money. You become unable to do anything financial, like get paid.
We are already holding the bag.
They are “too big to fail”
They’re very much not. They have high valuations, but very few employees. Very different to the banks (where the public would lose money) and the car firms (who employed large numbers of workers)
Guess where the publics money is invested?
Pensions and other investments, yes.
Not current accounts which was what was at risk in 2008. When the bank goes bust you don’t just lose money. You become unable to do anything financial, like get paid.
We didn’t just bail the banks in 2008.
Now do the US Auto Makers.
Who are still making terrible decisions
Read the thread. Already did that.