Great, refreshing take on how it’s supposed to work.

I’m suspect of anyone who rolls out of bed to get on TV just to tell me that yes, these big, publicly traded companies that have been run into the ground by bad leaders deserve public money.

Twelve years ago, these same shiny people got on TV and revealed that banks were in trouble! The banks needed money. There I was thinking banks? Aren’t banks where money is supposed to be safe? It’s literally their primary reason for being in business. If they don’t have money, and they made such a herculean effort to set up absurd derivatives that made them bankrupt several times over, maybe the people running these banks don’t know what the fuck they’re doing.

Why would we give more money to these people? They took a business that’s based on borrowing low and lending high — a business largely protected, back-stopped and cartelized by the state, and the messed it up, and CNBC et al says we need to give them more money?

Today it’s another batch of poorly run businesses that were practically bankrupt before Covid. These businesses, with rare exception, were run exactly how you would expect them to be run if they had a tacit or explicit promise of a bailout.

What will the next crisis bring if not more shitty companies with hat in hand? Literal millionaires asking for handouts after they ran their companies like they stole them will be lined up in ever greater numbers.

The word is on the street: if you’re a big enough publicly traded company, you can make more money with a flop than you can with a hit, and unlike in the Producers, you can get a bailout on top of it!