haissam
Its conclusion if you don't have time to read it entirely:
> The economy needs help, and fast. Yet it is hard to escape the conclusion that the $2 trillion aid package validates and indeed further rewards the questionable practices of the last decade. In a normal bankruptcy proceeding, equity holders and shareholders would incur significant losses based on the taking of risks that were not unknown. It is true that the $2 trillion aid package has a condition that would, going forward, temporarily bar further stock buybacks for companies that receive taxpayer loans. But viewed in context, the relief package still amounts to a bailout of private capital and the endorsement of a decade of self-enriching practices.
and that's all good and fine, as long as the wealth created by the robots is redistributed and not funneled to a handful of executives' bank accounts in tax havens.