Too Big to Fail

So I've been watching the news today and all these big auto companies are getting in line for government bailouts. I guess while they're handing out money, yanno, get yours while you can. 

I can understand the whole "too big to fail" idea. I get it. There are a lot of people employed by these companies and if they get cut loose that's gonna put a huge strain on the system. I can understand how you'd want to keep these companies afloat. I don't think, however, that taxpayers should have to foot the bill for failed businesses. We shouldn't subsidize failure. So what I'd do if I were President is, with these companies that are "too big to fail" is, I'd give them the bailout, but there are some pretty harsh conditions. First, all the management, from the CEO on down, congratulations, you are now unemployed. There will be no severance package, there is no bonus, you may now clean out your desks and hit the street. If you managed your company halfway well you wouldn't need a bailout, would you? So with any company that looks to government money to keep afloat, I think upper management should get replaced. 

Second, we should get some sort of say in all this. After receiving our tax dollars, there should be a certain reasonable period of time we allow these companies to turn themselves around. If after that time they're still in the red, we let them die. There will be new and better companies to take their place. There always are. We can be democratic and put it on a ballot or something, but ultimately the people paying for the bailout need to have a say.

Third, we need to get a cut of the profits. Sure, it might not work out to all that much, but since we will essentially partly own these companies it's only fair. Otherwise why save them? I'm sure there's some way to work this out.

Of course that's all just my opinion, and my opinion means precisely dick. I'm not exactly an expert on the subject.

Be excellent.