Why should that be embarrassing? Because they preached for years that regulation is bad, and the government shouldn't be involved in their financial affairs.

Why should that be embarrassing? Because they preached for years that regulation is bad, and the government shouldn't be involved in their financial affairs. Then when something went wrong, they begged for a bailout from the very regulators they disdained: https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-startup-jobs-are-at-risk/ https://www.ycombinator.com/blog/urgent-sign-the-petition-no...