Ah, they mistook restraint for weakness.

Not uncommon with bullies.

Iran lost 1 million men during the Iran-Iraq war.

A war where Iraq was supported by the gulf countries and Western countries including chemical weapons (later used on Kurdish villagers).

I’m not really sure why anybody thought Iran would back down.

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The last bailout was required because the banking system was the artery of the economy.

As irresponsible as they were, they needed to be functional to allow the economy to function.

It is hard to see how the government can afford to bailout the “AI” sector.

It is also not critical to the economy. In fact, you could argue the bubble is costing the economy in terms of opportunity costs, increased energy prices, consumer prices for laptops, hard drives, etc.

My view is while they may want to bailout their tech bros friends, I’m not sure it is possible.