101

A friend said he warned Stockton Rush about possible defects on the Titan in 2019 after hearing 'cracking' noises(www.businessinsider.com)

posted
by
Avatar
floofloof@lemmy.ca
in
Avatar
news@beehaw.org
29 comments
hidereport
Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments View context
Avatar
flatbield@beehaw.org
9 points

This was the whole cause of the 2008 financial crash.

permalink
report
parent
reply
Avatar
GreyEyedGhost@lemmy.ca
8 points

And the 1980 crash, which lead to many banking regulations, which were removed shortly before the 2008 crash for stifling the economy. Stifling and stabilizing look very similar until you get to the negative parts.

permalink
report
parent
reply
Avatar
flatbield@beehaw.org
8 points

It is just the process of externalizing costs in internalizing profit. Get rid of regulations, take risks, make a lot of money, when the shit hits the fan say who could have known and get someone else to pay for it.

permalink
report
parent
reply

World News

!news@beehaw.org

Create post

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:
  • Where possible, post the original source of information.
    • If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
  • Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
  • Do not post ragebait or shock stories. These will be removed.
  • Do not post tabloid or blogspam stories. These will be removed.
  • Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

Community stats

  • 1.2K

    Monthly active users

  • 2.9K

    Posts

  • 18K

    Comments

Community moderators