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by nytgop77 1865 days ago
bail outs are undermining the "invisible hand" . Bad decisions dont get penalized, so actors start evaluating decisions diferently.
2 comments

The bail outs being described are the invisible hand though. Government actions aren't being described, private companies engaging in private investments are. "Bail out" seems to be a catch all term for "struggling company I dislike received financing".
The other institutions buying the stricken institution at a large discount is the invisible hand, exactly. That discount is a huge penalty.