Punishing those responsible through the bailout
Submitted by brad on Tue, 2009-02-24 16:19There are many opinions about whether the bailout and stimulus package are a good idea or not. But one thing that I hope everybody agrees is bad is that it teaches the lesson that if you screw up so badly that you hurt the global economy, we're not going to let you fall. Take huge risks because in the event of catastrophe, the government has no choice but to make it better.
Is there a way to do a bailout that doesn't end up rewarding, or even saving, the people responsible?