...at the cost of a few industrialists...
...who are responsible for the mess and now cry for tax payers money, after they exploited almost any legal and illegal loophole to reduce their own taxes.
You can't sing the tune of individual responsibility if it comes to customers and employees, and then dislike it, if people expect you to be responsible for your own actions. That is bigot.
Also don't listen to a special Nobel Prize winner named Paul Krugman, who currently appears in any media complaining about the world not bailing out enough. He fears his own Nobel awarded theory of New Trade being put to the test, if people are not protectionist enough. And the bailouts are always a protectionist act.
The governments don't know, which companies are healthy and which are not. They can't know it. They either have to bailout a whole industry, or they risk disturbing the market.
The government has not the task for fixing the damage of bad management. The government has to step in, if the damage caused by bad management threatens the infrastructure. Finance is one very important infrastructure. Building SUVs is not. But guess WHO deserves to pay the bill of mismanagement. Of course, in the reality, the small tax payer will pay it. No criminal will betray another. But the managers of all companies which are now practically bankrupt deserve to pay the bill. They have become rich with money that did not exist, and the tax payer should now make it existant.
And the world is full of bad management thanks to the insanity of the last decades. Just look at the Forbes list of billionaires . All people on the list lost about 25% of their wealth. All people? No. A few more conservative investors actually made profit in the same time. You can be sure, they will also loose money this year. But sure not as much as the many others. They calculated, instead of listening to the Adrenaline.
