From Fox Business:
The U.S. government on Monday announced a revised bailout package for troubled insurer American International Group that’s now valued at $150 billion.
So, to the best of my understanding, capitalism rewards smart investors, and punishes the bad ones. However, the current American system of capitalism rewards smart investors (until the new administration taxes the crap out of them), and punishes everyone when a large company makes bad investments (a.k.a. private gain, social loss). Does anyone else see a problem here?
