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FWIW, I agree. At least give them a haircut.
I’m not sure it’s related to Silicon valley connections, the motte is relatively pro-bailout as far as 2008 is concerned. From what I can tell, out of a mixture of respect for expert opinion and rellying on speculative counterfactual scenarios of (greater) destruction if no bailout happened. I’m not convinced by those: the experts had some major conflicts of interest, and a banking bloodbath/bad debt wipeout might have been just what the patient needed.
I’m sure most here can see clearly that saving the coal industry at great cost to the taxpayer in 70s britain isn’t the ‘prudent’ move, even though it also has major ramifications for the rest of the economy. But when people in suits excuse their mistakes and beg for their useless jobs, we like to defer to their expertise. One day perhaps they'll decide and explain if they're private or public sector.
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