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When the government doesn't do a bailout, as it didn't in the case of Enron, public bloodlust over lost capital makes heads on pikes in the public square practi
by harshreality 13y ago
When the government doesn't do a bailout, as it didn't in the case of Enron, public bloodlust over lost capital makes heads on pikes in the public square practically a requirement.
When the government does a bailout, there's no acute sense than anyone is suffering too acutely, and therefore there's no need for prosecutions.
Bailing out Enron would have cost less than other recent bailouts.
https://www.propublica.org/special/government-bailouts https://www.propublica.org/special/government-bailouts