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We need more bankruptcy, businesses where the equity holders were too risky getting transferred to the debt holders. Force companies who want bail outs into ban
by mesozoic 7y ago
We need more bankruptcy, businesses where the equity holders were too risky getting transferred to the debt holders. Force companies who want bail outs into bankruptcy, and if they let people keep their jobs let them hold some small amount of the equity when the company is rebalanced. Let the system work as designed instead of bailing out the bad decision makers.