One way to protect against the “too big to fail” hack is to not bail out the mega-corporations directly. The US government had at least two other courses of action in 2008. It could have conditioned any bailouts on restructuring mortgages to eliminate what was a wave of defaults. And it could have bailed out the big banks only if they passed the money on to the borrowers. Both were rejected by then National Economic Council director Larry Summers. The 2008 bank bailouts provide another example of how wealth protects hacks used by the wealthy.
