@thegibson It never does affect the fat cats. They always get their golden parachutes, while everyone else, from the employees and members, to the taxpayers, subsidize their losses.
Since around the turn of the century, the USA has been really going for bust on allowing companies and banks to take risky bets, and then letting them off the hook when they inevitably fail.
Externalizing costs has always been a core feature of western capitalism, but it's basically been a free-for-all ever since reaganomics reached its final form and the post-9/11 bailouts proved once and for all that *not* taking huge risks with other people's money was a business liability in a landscape where all the other businesses that did do it would get bailed out when they fail. Instead of jail time, the executives just get a slap on the wrist and cash out.