Someone commented that this is a socialist viewpoint. I disagree.
I think he’s spot on the money! It’s a very capitalist viewpoint. You puts your money on the table (buy shares) and you takes your chances (profit or loss).
To say, “Oh look we stand a chance of going broke, bail us out!” is a perversion of the system and the market. It is getting the people who did not buy shares to donate to support the people who did buy shares and props up a management that failed to take into account proper risk management.
Not OK in my book! I did not vote to have my taxes used in this fashion. And I’ll wager that if the government DO throw money at them they will not be required to exchange equity for the cash they receive.