alt Hacker NewsThis is said with very high authority, and nothing whatsoever to back it up. Sure, not all, nor even the majority, nor even the plurality or a large minority of gamblers resort to criminal behavior.
But what evidence do you have that only over-leveraged gamblers resort to criminal behavior? Why do you think that some rich person who bet, say, $1 million they can actually afford will not still seek to recoup their investment, especially if it only takes some bribes and threats?
> Why do you think that some rich person who bet, say, $1 million they can actually afford will not still seek to recoup their investment, especially if it only takes some bribes and threats?
Because "only bribes and threats" are crimes for which people go to jail, and most "rich people" in the west, even in our authoritarian corruption hellhole timeline, are unwilling to engage in that nonsense because the benefits don't outweigh the risks.
Do I get to demand you cite evidence here, too? Has a wealthy person ever been caught in criminal extortion trying to goose a losing position that they could cover? I don't think that's ever happened, honestly.
I mean, yeah, it's my opinion. My gut says that the "bro" markets are all overleveraged right now, there aren't any easy winning positions at the moment (even AI stock valuations seem to have topped), and now the loans are coming due. Something's going to pop, and we're all looking for proxy measurements. This is one.