As one of the "systemically important" (too-big-to-fail) banks, Wells-Fargo can make many bets that, when they lose, will ultimately be covered by taxpayers in the next round of bailouts, but if they win, will reward insiders & shareholders in the periods between bailouts.

in a job interview, it's ML. in a product, it's AI.

> what does direct democracy in the US look like?

Two wolves and a sheep deciding what to have for dinner.

https://en.wikipedia.org/wiki/1978_California_Proposition_13 (massively screwed up the housing market in California, not feasible to reverse it now)

https://en.wikipedia.org/wiki/2008_California_Proposition_8 (defined marriage in the state constitution as between a man and a woman, still on the books but invalidated in court... for now)