Perhaps a partial bailout where the CEOs and board members of the failed financial businesses have to forfeit their paychecks and golden parachutes and all money donated to any and politicians have to be returned to help fund the bailout.
AND, laws that restrict gov’t from ever doing this ever again.
AND, turn all but the most essential gov’t programs into NAFI’s (non-appropriated fund instrumentalities, can get a start up loan but must pay it and run a profitable business in the free market)
One thing I’ve learned from experience and reading LS’s work is that the market will correct itself to the most advantageous state if given the opportunity. When you allow government to intervene to “correct” the situation they either just prolong the problem or compound it.
That said, I say let AIG face the music. Take the his now so that these companies learn that it’s not the government’s responsibility to hold their hand if they screw up.