I think they're trying to build a moat through regulation, I think that's different from laying groundwork for a bailout. They clearly don't think they are going to fail.
What does "act responsibly" mean in this context?
I think they're trying to build a moat through regulation, I think that's different from laying groundwork for a bailout. They clearly don't think they are going to fail.
What does "act responsibly" mean in this context?
They don't think they're going to fail or else they wouldn't be doing it. But they do think they need a government moat to succeed. Whether that's framed as a "bailout" or "regulation", it's still the government stepping in to save the day.
In terms of "act responsibly" what I mean in this case is the perception that there's a lot of money flowing in circles here, where customers are investors and investors are customers and competitors. That's how I see this whole party crashing down if it does, if there's too much creative accounting going on when the music stops, some companies might not find a chair to sit on.