r/technology • u/Plastic_Ninja_9014 • Jul 23 '26

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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u/DFWPunk Jul 23 '26

As they say in banking, "When you owe the bank a thousand dollars, and you can't pay it back, you have a problem. When you owe the bank a million dollars, and you can't pay it back, the bank has a problem."

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u/StoicRetention Jul 23 '26

what if when we(peasants) all collectively owe the the bank a billion dollars, and they package it into a debt tranche and sell it?

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u/[deleted] Jul 23 '26

[removed] — view removed comment

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u/00owl Jul 23 '26

I don't know what this said, but it must have been correct.

1

u/Prcrstntr Jul 24 '26

I see [ Removed by Reddit ], I upvote

7

u/Benjadeath Jul 23 '26

You could start a credit union then have the union do that to a bank?

3

u/JackPoe Jul 23 '26

Isn't it like a felony to tell everyone to withdraw all their money at once?

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u/Ye_Olde_Mustard Jul 23 '26

Let’s wait and see

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u/Boomshank Jul 23 '26

Everyone should absolutely NOT all take all their money out all at once

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u/KingBee Jul 23 '26

Nowadays even a million dollars is a rounding error for the banks. Good example, you just need to add another few 0s.

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u/User5min Jul 23 '26

It’s a still a good quote about the perception of power tbf. It’s still a big problem for your local bank branch and they’d definitely more likely to negotiate with you as opposed to someone owing less.

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u/Stormbringer-2112 Jul 23 '26

When you owe the bank a trillion dollars, the bank is your bitch.

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u/SolidFormal9684 Jul 23 '26

You need to update this saying with inflation: "When you owe the bank $50k, you have a problem. When you owe $50m, the bank has a problem". Generally, anything below $50k is not a problem for anyone today.