[icarus_camp]

There is no incentive (for businesses) with bailouts though. You can't buy out your competitor during a downturn because the government bailout to your competitor is already in the mail. We don't see the airlines that saved for a rainy day going out and buying out the ones that have no cash reserve, because the latter were bailed out. So then the industry as a whole decides not to save because they know the bailout will be there.

We need some kind of law where if you take a bailout you give the Fed a controlling interest, you have something like 60 or 90 days to buy that interest back by repaying the bailout. After that other entities have the right to purchase that controlling interest and then they now own you.