Letters to the Editor
This letter is associated with the following article:
-
It's only socialism if
it's government action for the little people. If you do it for the rich and famous, that's capitalism.
But of course, it's really different in the BS case: the whole market was going to collapse if we didn’t bailout the stockholders. No, we can’t punish them like, say, forbid any of the BS directors from ever being in business again for bringing down the house. If you a “rogue” trader making small money at a bank and get the bank into trouble, you go to prison for a long time. If you’re a BS director/CEO and do wild trading and bring down the whole world economy, the government will guaranty you shares.