alea, even if Wave
somehow nails a big deal and knocks one over the fence,
one is still left with bad management of a flush treasury instead of bad management of an empty treasury.
All roads lead to management in the end, and no BigNewDeal will change the fact that they will reap the least from whatever gains are made.
This team doesn't maximize, they (in your words) destroy capital.
More capital doesn't suddenly make a person an able businessman.