Socialism for the ones that need bailouts and are too big to fail/close to the money spigot. Bankruptcies for the rest.
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You're describing philantropy.
During the GFC banks and corporations were bailed out. They keep doing it in other indirect ways to prop them up. Individuals had to lose their homes and assets. Philanthrophy for the collective 1% group most are not a part of I guess.
Socialize their losses. Free market rugged individualism for the rest?
No, free market for them all.
I'm not a commie, there are no exceptions.