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Investors pulling out are the reason the stock is down 40%, silly goose.
by albatross13 4y ago
Investors pulling out are the reason the stock is down 40%, silly goose.
- rabidonrails 4y agoBut your initial quote is not new information, it's always true. If a company goes out of business then the investors aren't "made whole" by the government, this is a risk of owning stock. Biden isn't providing new information, he's simply scoring political points because it would look terrible if the government was backstopping investors.
- idontwantthis 4y agoHe's not just scoring points, he's letting people know that this won't be like 2008 when the government did save investors by bailing them out.