No they don't. Those are usually loans, don't confuse a bailout with a loan. And don't assume equity holders do nothing but profit; if it fails they get nothing.

The airlines got one in 2020 because they have some of the largest union contracts in the country and we don't want to lose that, but that wasn't a pro-management thing.

On the other hand, a social wealth fund would be good, because it's less risky than owning individual companies.