How is a purchase of distressed assets from financial institutions critical to the function of the markets a “bailout?” Some of those assets will still pay, though NO ONE knows how much.
Ask the low and mid-level employees of Lehman, their former stockholders and bondholders if they have been “bailed out?” Same for AIG.
I hate these outrageous executive comp packages and golden parachutes as much as anybody, and the feds should go after those people and lock them up and make them pay back lots of bucks to the US Treasury, IMO.
Should companies and towns and cities start missing payroll, and laying people off due to nonfunctioning credit markets?
Dashing, you will have a hard time getting thru to the rank and file here.