If the Fed or government bail out private companies, they should demand that existing shareholders give up an equity stake in the enterprise. That’s only fair.
When BofA invested in Countrywide, they got 20% of the company. Government money belongs to all citizens, not just shareholders. Capitalism doesn’t mean that shareholders get to make all the money, then when they lose money, the government steps in to make them whole. That’s called a scam.
