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Could someone please explain to me (are you there, Ross Gittins?) why governments just give handouts to businesses in trouble (“Rescue package for smelter”, August 13)? How many times does that just pump up the share price, allowing shareholders to sell out, followed by an inexorable crash into insolvency? Why isn’t it structured as a shareholding so that if the promised revival actually happens, the taxpayer can sell out and get their money back, and if it goes wrong, we get a share of the leftovers, or simply take the business into…

Read the full article at SMH.COM.AU