There are all types of businesses in America, and all types of business conditions to deal with for those businesses; of which, throughout the history of the United States, there have been crises of one type of another, in which some of those corporate institutions are backstopped and thereby saved by that government; whereas, some others are not saved and thereby go bankrupt. The given reason why any banking institution, or auto company, is saved, is said usually to be based upon the stability so needed for the continuance of the country’s economy, and to a lesser extent, to “save” jobs. While indeed it might make sense to save some of these corporate entities, a very strong argument could be made, that corporations that are functionally insolvent, no matter the excuse, should in a capitalistic nation, go bankrupt; with the only real option for governments to avail themselves of, instead, is for those corporations that are deemed to be “too big to fail,” or of national significance, to be nationalized as their just punishment for their failure to maintain prudent business practices so as to remain solvent.
So then, we so find that those well-placed corporations who have undue influence upon important governmental officials, and that are also able to create a narrative that makes sense, have a fairly good chance of being saved by that government, which is obviously very beneficial for those saved corporations, because, unlike a given individual citizen, they are afforded the opportunity to thereby continue as a going concern. When it comes to the common people of America, we do so find, that the people, are virtually never bailed out, ever. Rather, if a given person is suffering credit card debt, which they are unable to timely pay, they then will not only have that credit revoked, but are subsequently subject to being harassed or even sued to collect the funds so owed to that credit banking institution. So too, when a given person is unable to make their car note payment, that vehicle is subject to being taken from that individual’s possession, and then to subsequently recover such a vehicle thereby requires the payment of corresponding repossession fees and other assorted penalties, and if that payment is not forthcoming, the individual has forfeited that vehicle, along with being subject to being harassed or even sued to collect the funds so considered to be owed upon that vehicle. Additionally, should a homeowner fall behind on their mortgage payment, the mortgage lender, has the right to foreclose upon that homeowner, and thereby to evict the homeowner from the home and then to take over possession, of that home. Finally, for those with student loans, that have been unable to make their mandatory student loan payment, and have no forbearance upon such, we do so find, that a lot of those students’ loan monies are subject to being extracted from Federal IRS refunds so being expected for that taxpayer.
In short, many individuals, have debts and obligations, somewhat akin to what businesses have to deal with; with the important exception that some of those businesses have received bailouts of one trillion dollars, or thereabouts; but individuals on the other hand, are left to suffer their own fate, without often any consideration be taken into account of extenuating circumstances, the economy, the wages so being paid, unemployment, their health, or anything else of merit. What we so find, is that when it comes to well-placed mega corporations, they are permitted to make as much profit as they can when times are good, and when they mess up, the government has their back; but when it comes to the common man, the only deal that they seem to get is always the same “raw” one.