Hacker News new | ask | show | jobs
by anoonmoose 1099 days ago
I also came here to comment on that word choice. It's disgusting to activate a clause of a contract that both parties agreed to, when neither party seems to have a substantial power imbalance relative to the other? Seems pretty odd to me.
2 comments

I think I could say that it's disgusting if you view it as a mafialike group getting ready to cause a financial shock for their own gain to the detriment of everyone else...

But that's a hyper specific view point that I doubt many hold, but I feel like that's the view the author has.

That's not the disgusting part. It's the assumption by banks that they will be bailed out (by us) for their bad investments if the investments are large enough.
And even more disgusting that taxpayers and their elected representatives keep allowing this to happen over and over again. There is no accountability.