That’s a nice sentiment, but on a practical level what does that really mean? Who do you want to cut checks to, and for how much? And more importantly why?
As a taxpayer, why should someone who lost money get mine? If some retail investor put money with one of your so-called “corrupt and incompetent” banks why should they be made whole with my money?
The ideal would be a universal basic income where if you make bad bets, you start back at the UBI level. There is no special bail out for someone based on how much they lose, simply a constant, level bailout for everyone.
That’s a nice sentiment, but on a practical level what does that really mean? Who do you want to cut checks to, and for how much? And more importantly why?
As a taxpayer, why should someone who lost money get mine? If some retail investor put money with one of your so-called “corrupt and incompetent” banks why should they be made whole with my money?