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by therein 219 days ago
That would do nothing to prevent such a disaster. It would guarantee it.
1 comments

That's not really true. It may be legit strategy. If they realize they overhyped the whole industry, and everyone is tied to them, and they have strong political allies… if you also realize it's going to crumble. You might just see bailout as only viable option so you make yourself even bigger to fail.

If it turns like this it's extremely cynical and one would wonder how could Altman stay ou of prison (i am sure he will not go to prison).