I feel like they are just eating people on the bottom of the economy and then expect taxpayers to pay.
Edit: People are literally being forced out of the country by cost of living https://www.wsj.com/personal-finance/retirement/middle-class...
I can't think of an industry[1] more deserving of being left high and dry and less able to garner public sympathy than NYC banking and we let them get a bailout.
But everyone hates CA, hates big tech, etc, etc, so maybe the political stars align and this will be the ones who finally set the "no bailout" precedent.
[1] Well actually I can now that I think about it and it's the beltway bandits but that's beside the point.
Too big to fAIl