[JumpCrisscross]

> we'll bail out them out

If it’s after the midterms, I’m doubtful. The AI leaders—apart from Dario—have gone particularly partisan. We also have a lot more post-crisis tooling that lets us wipe equity even when bailing out. See, for example, the ‘23 bank failures.

[davidw]

People are already sour on the economy. They are going to be in a whole mood if we get a real, serious recession.