No shit. But the government has not bailed anyone out yet, the fed has. Banks have gone bankrupt since they were invented. Why should that change now?
How many billions in BONUSES did BSC take before they got bailed out?
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Originally Posted by Socks
I always thought it was pretty ridiculous that companies can have 10+, hell, 50+ years of crazy profits, make billionaires out of people, branch their company off into 100 small pieces or "divisions" and then when they fuck up and lose a shitload of money, they just sever an arm of their business and lose nothing, or claim bankruptcy for it, etc.
They never have to SAVE any of their profits!! They can have 50 years of windfalls, then in year 51 if things go really bad, they can just bankrupt, get saved by the government, and not even touch their stacks of cash they saved for the 50 years previous..
Wtf?
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