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Whether a company sticks it to the taxpayers depends more on their need and ability to do so, rather than the ethical purity of the industry. Since technology c
by qq66 13y ago
Whether a company sticks it to the taxpayers depends more on their need and ability to do so, rather than the ethical purity of the industry. Since technology companies have been doing well, and few of them would be bailed out by the government, few have done so. Those who have had the opportunity (Tesla, Solyndra) to shift risk onto taxpayers have done so, as well as automakers.
The interesting question isn't why so many financial companies socialized their losses -- many companies would do so if given the chance. The interesting question is whether the federal government should have bailed them out or not. It's not clear-cut in either direction.