[chordalkeyboard]

> Hint: It's not just to give their big business friends some moolah.

I mean, sometimes it is. Thats why they bailed out banks for making loans to people who could be reasonably expected to default, but failed to bail out the homeowners who were dumb enough to believe the bank when they were said they were able to become a homeowner in America by signing some papers they didn't really understand. Regulatory capture is absolutely a factor in explaining the government's response to many financial crises.

I'm pretty sure the average Joe would be better served with a system where corporations that make poor decisions go to bankruptcy court and their assets are sold to other people in order to pay their creditors and reallocate the capital more responsibly.

in a capitalist economy, profit is supposed to be the reward for correctly estimating risk and correctly allocating capital. in a socialist economy, the government is supposed to redistribute wealth to people who don't have it. in the current system, profits are privatized and losses are socialized, at least for powerful and connected people.

what's your alternative explanation?