What do you care if it's a public or private fund?
If it's a private fund, someone else's money is wasted on buying failed companies. If it's the government, my money is wasted on buying failed companies.
Yeah, that's what I meant by simply not wanting the bailout and letting failed corps fail. I'd agree.
Though imho using a tax pool, printing more money, giving banks 0% loans, etc, are all spending public funds one way or another. And it's unfair competition for the companies who didn't abuse the system and have been struggling to make an honest profit.
Of course we'd all be better off if loser companies were allowed to fail, especially banks. Bailouts should go to cheated customers, not the cheaters.
ObTopic: Renting the resource to the gangsters wouldn't be half so bad as the outright sale. That's just ludicrous.