Every major market crash (except covid) was more or less the result of circumstances which should have been easy to see coming. The pattern of bailing out all

Every major market crash (except covid) was more or less the result of circumstances which should have been easy to see coming. The pattern of bailing out all but the absolute worst in these crashes means that the people taking the risk don't really care about the risk because a backup is expected as long as you're not the most irresponsible. You don't have to be faster than a bear to outrun the consequences, just faster than the scapegoat.