Re:Political Chips
by PaulDavisThe1st on Wednesday August 03, 2022 @01:42PM
(#32334733)
> but it does it [sic] seem accurate to assume any random business will be bailed out.
Precisely the issue. It's not "any random business". It's any business with the appropriate properties and connections. If it was truly just random business, perhaps the bail outs would not create such a level of moral hazard. But it's not, and businesses know that.
Re:Political Chips
by megaman821 on Wednesday August 03, 2022 @03:11PM
(#32335641)
I don't like the bailout but I understand they were necessary. I just wish they came with harsher deterrents. Like if the shareholders vote to take a bailout, the Board, C-Suite, and VP's all get let go and any financial packages can be litigated in special bailout courts.
Of course there is an underlying assumption the government will bail out simultaneous/systemic big failures, but it does not seem accurate to assume any random business will be bailed out.
Edit : fixed typo