I didn’t actually read the article. Every Tesla submission on HN usually has someone white knighting and this was true to form
201 karma · joined March 19, 2020
https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
This is also the sign of the kind of plumbing that is baked into the US system - protect capital when things go belly up and allow labor to hit the reset button through unemployment and wage cuts. Flood the market with cheap credit and then eventually growth comes back. It’s a rehash of the financial crisis response because it’s the only sort of response the USA is configured for.
https://www.nrdc.org/resources/wasted-how-america-losing-40-...
I am sympathetic to why nothing changed and no one listened. good risk management shows up as nothing bad happening. Heroes who avert disaster don’t get statues.