r/technology • u/DontFearTheCreaper • 20h ago

Social Media Tech CEOs who grinned behind Trump at inauguration lose billions in wake of tariffs

https://www.independent.co.uk/news/world/americas/us-politics/trump-tariff-bezos-musk-zuckerberg-b2727147.html
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u/throwawaygamer76 17h ago edited 17h ago

If you read the book, some didn’t register what would happen. They were moving along with greed, nothing more than robots trying to earn money while a few rang the alarm about the subprime mortgage loans and started hedging against it. A lot of it was hubris.

In other books, the libertarian billionaires wanted no bailout of the banks in 2008, but later realized that meant their stock prices would decrease. Again, hubris. This time though, there is no TARP to save the economy and their money.

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u/noxsicarius 16h ago

No TARP yet, you mean.

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u/throwawaygamer76 15h ago

Doubtful that orange melon and his merry band of sycophants can implement an effective TARP.

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u/LastMuppetDethOnFilm 14h ago

They're going to loot SSA for the bailout money