#OTD January 6, 1991
The Bank of New England collapses amid fears of systemic risk, reinforcing the doctrine that some institutions are considered “too big to fail.”
Photo credit: public domain
#january6th #toobigtofail #banks #economy #history
#toobigtofail
For such a behemoth of a company as Microsoft, it is incredible how many failures it has put out to the world, critical or commercial. MS-DOS 4.0, Microsoft Bob, Internet Explorer 6, Zune, Kin, Lumia and Windows Phone, Kinect, Surface RT, Cortana, Band, Copilot, and every other version of Windows since Me (including Windows 11, out of privacy concerns), those are just the most glaring examples. Truly amazing, Microsoft. Truly remarkable.
@millerdl Really good article. The only thing that is missing is to state that once these production circles/ companies fail, they will be declared #TooBigToFail and the taxpayer will save them.
What if American workers decided the only ones entitled to be "too big to fail" are us – the ones whose labor built your platforms, whose attention became your product, whose data trained your models, and whose spending made you untouchable?
https://substack.com/@shaynej/note/c-184374857?r=5h4wg0&utm_source=notes-share-action&utm_medium=web
#AI #AIBubble #WorkersFirst #us #TechAccountability #TooBigToFail #Leadership
Shit like this... Going along committing and pulling to the remote server and then BAM "Nah man"
Nothing changed on my end, no settings clicked apply no config changes. Just nope. No real resolution possible, just like the joke "Call Google" am I supposed to "Call Microsoft" and ask for the "GitHub Department" to discuss my "Randomly not working account" Nope.
Time to take control of the means of production fellow workers of the world. I'm migrating everything from GitHub to a local mini-server. I expect to setup many of those little mini-servers here soon. GMKTec, RasPi, who else?
"The regulatory sweet spot for a financial institution is to escape paying for insurance while gambling on an implicit “#toobigtofail” guarantee if anything goes wrong. That’s what happened with money-market funds in 2008–’09. ... In the end, the federal government guaranteed $2.7 trillion of money-market liabilities—for funds that had not paid a cent for this federal protection.
Divider
@aoc.bsky.social@bsky.brid.gy: 7 Companies will cry #TooBigToFail when AI Bubble Bursts
Trump’s “been saying that the economy is booming, but it’s only 7 tech companies that are booming…. At least 40% of economic growth…& 80% of stock gains this year came from” them
#ProudBlue #DemVoice1 #Voices4Victory
RE: https://bsky.app/profile/did:plc:iu4j537hox5huj4bwnwgub4z/post/3m5wuhhbwa22k
How can i toast if i can't get to my toaster!!?? #cloudflaredown #toobigtofail #bail #out #the #big #cloud
@xtaldave@xtaldave.net
… preparing the #tooBigToFail argument
After raking in billions and trillions based on the #AI #hoax, #techbro s and #CEO s are now garnering public sympathy and understanding for the fact that their profiteering will take the whole economy down.
Without a doubt, they will be #TooBigToFail and tax money will be needed to bail them and their victims out.
The workers they were trying to replace with their dumb machines will have to pay the bill.
#DigitaleSouveränität vs. #ProprieäreSysteme
#BigTech wie Microsoft sprechen von #Datenhoheit während sie #AGBs und #CloudZwang diktieren. Es heißt, sie seien #TooBigToFail. Dabei werden deine #Privatsphäre und #Datenschutzrechte kaum respektiert.
Du willst verstehen, welche Machtverhältnisse herrschen? Wer sich wehrt und was du tun kannst? Komm zu unserem nächsten Treffen und finde es heraus. Kein Vorwissen nötig!
Termin: 28.11.2025 18:00
Ort: Gebäude W1 Raum K12/13 https://www.hs-niederrhein.de/fileadmin/dateien/Kontakt/MG/Download_Campus-MG-Lageplaene.pdf
Is #OpenAI Becoming #TooBigToFail?
It hasn’t yet turned a profit. Its annual revenue is 2% of Amazon’s sales. Its future is uncertain beyond the hope of ushering in a godlike #artificialintelligence that might help cure cancer and transform work and life as we know it.
If the hype and hope around Chief Executive #SamAltman’s vision of the #AI future fails to materialize, it could create systemic risk to the part of the #US #economy likely keeping us out of recession.
https://www.msn.com/en-us/health/other/is-openai-becoming-too-big-to-fail/ar-AA1PEJuE
The great thing about THIS bubble is that we don't have decades of dependency on any of the companies most exposed to loss or to their general class. They are not like the commercial banks, investment banks, and brokerages that got bailed out in 2008-9. If every chatbot died permanently tonight, most people would be fine without them and very few people would be seriously harmed. Not like banks.
Es wird ja schon seit längerem darüber diskutiert, dass die Geschäftsmodelle der großen #KI-Anbieter nicht wirtschaftlich sind. Was einige schon erwartet hatten: Im "Wettlauf mit China" kommen jetzt die Forderungen, der Staat solle sich bei der Finanzierung beteiligen.
Damit sind Unternehmen wir #OpenAI jetzt also endgültig #toobigtofail. Ob der US-Staat nun mit untergeht? Es wird spannend.
https://garymarcus.substack.com/p/if-you-thought-the-2008-bank-bailout
OpenAI có nguy cơ trở thành "quá lớn để sụp đổ" trong kỷ nguyên AI, liệu có lặp lại bài học khủng hoảng 2008? #OpenAI #TríTuệNhânTạo #QuáLớnĐểSụpĐổ #KhunghoangtaiChinh2008 #AI #Toobigtofail
Ever wonder what really happened behind the scenes during the 2008 crash? Andrew Ross Sorkin’s Too Big to Fail gives you all the details—power plays, negotiations, and chaos.
#TooBigToFail #FinanceReads #Bookcommunity
{aff} https://amzn.to/47FX2rR
Es ist halt eine wohlige Gewissheit, #TooBigToFail zu sein und daher auf nicht gewünschte teure Regularien gepflegt scheißen zu können.
If you enjoyed the HBO movie, the book Too Big to Fail offers even more depth! Get a behind-the-scenes look at the financial world’s biggest meltdown.
#TooBigToFail #WallStreet #BookToFilm #Finance
https://amzn.to/47FX2rR
@RAlpenstern @BlumeEvolution Weniger witzig, dass die Verluste der großen Investoren dann wieder von der Gesellschaft getragen werden #toobigtofail , obwohl Manager hohe Boni und Investoren vorher hohe Gewinne eingefahren haben - natürlich zu recht, wegen ihres unternehmerischen Risikos.
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