alt Hacker NewsCompletely agree it will be a huge slap in the face to the public, unfortunately that's a common solution.
When everyone is afraid the market will collapse, or more likely distracted because the market collapsed just enough to hurt the average person, the government will bail them out and either people won't notice or will welcome it as a solution to huge levels of fear.
Voting isn't usually much of a solution after the fact, the political machine doesn't allow for candidates that would fix anything to have a chance at any office that matters. There's a reason our politicians today all seem to have roughly the same goals and all seem to become extremely wealthy while in office.
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Government trying to manage financial markets is like trying to steer a rampaging rhino; finance is stronger than government, and can wreck it. But some politicians want to increase regulation and some want to reduce it. Some cynicism is fair, but you've overstated the case. Elections do not offer infinite choice, but the choices are distinct.
A bailout would be a slap in the face when the correct solution is to nationalize them. If they are too big to fail then the government gets a controlling share of equity and we finally start the sovereign wealth fund we should have started decades ago.
But why would they bail them out ? Stock value will drop regardless of what govt does and having the borrowers (the private companies that already made billions on selling the shovel) get stuck with the unclaimable debt is far better option, and those are not hiring average blue collar workers in hundreds of thousands so any job loss would be minuscule too