Quote:
Originally Posted by KSig RC
Oh, of course - that's the only reasonable end-game, but that doesn't really change anything in the big picture, other than a perceived deterrent effect and maybe a misplaced sense of 'justice' or whatever, and neither of these are tangible or show real utility in my mind.
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Does it make a huge difference as to the big picture? I agree. No. Absolutely not.
Does it make a bailout a lot more digestible to the general public when officers and maybe directors who are guilty of wrongful malfeasance are walking away with 8-figure bonuses? I think so.
I think that some sort of action involving negative consequences has some political value insofar as making a market bailout more palatable for the voters if you can call that "utility."