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this post was submitted on 05 Jun 2026
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Couldn't be a more obvious bailout.
Brazil recently had a similar situation with a bank (Banco Master) that wasn't being as lucrative as it actually told investors, effectively running a pyramid scheme. Since the owner of said bank, Daniel Vorcaro, easily became friends with high ranking politicians, he easily got state govts and pension funds to buy his shit, which he used to pay some older investors.
The entire shit came crumbling down after a state bank, BRB, who already had a lot of money invested in Master, tried to buy his bank, the local congress denied that, then state governor insisted on the ~~bailout~~ buyout, at which point regulating agencies finally took their time to look into the situation and noticed that, oh no, there was no money there! Shit blew way out of proportion because Vorcaro seemed to be "close friends" with many politicians, all of which used govt agencies and companies to "invest" into the bank.
Of course the idea came from Altman, he knows OpenAI is not going to be profitable at fucking all
Someone explain to me how do you pay dividends when you're not profitable