> have backed themselves into a corner where the only way to stop the bubble from bursting is to keep inflating the bubble.
They are not in any corner. They rightly believe that they won't be allowed to fail. There's zero cost to inflating the bubble. If they tank a loss, it's not their money and they'll go on to somewhere else. If they get lucky (maybe skillful?) they get out of the bubble before anyone else, but get to ride it all the way to the top.
The only way they lose is if they sit by and do nothing. The upside is huge, and the downside is non-existent.
They are not in any corner. They rightly believe that they won't be allowed to fail. There's zero cost to inflating the bubble. If they tank a loss, it's not their money and they'll go on to somewhere else. If they get lucky (maybe skillful?) they get out of the bubble before anyone else, but get to ride it all the way to the top.
The only way they lose is if they sit by and do nothing. The upside is huge, and the downside is non-existent.