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this post was submitted on 11 Feb 2024
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This is like giving $10,000 to the local mafia to not break your favourite store keepers kneecaps .... then the next day finding out the store keepers kneecaps were broken anyway
You want to show outrage? ... stop handing these idiot corporations money. If they are too big to fail, then they shouldn't fail if they survive on their own. If they fail because we didn't help them, then it just means that they weren't viable as a business anyway. Stop giving them handouts and bailouts.
Require that if a company is too big too fail, in order to receive bail out money they have to completely rebrand into something else, and CEO, CFO, etc. and all board members need to quit without compensation.
Also, the government becomes the majority shareholder.
That point is always laughable ... a company fails or losses lots of money so they lay off and punish the workforce while giving the CEO and top executives bonuses and million dollar deals.
It means they rewarded the same people that caused or led the company to its failure while punishing those at the bottom who were just merely following the leadership of those above them.