This whole mess is just the latest chapter in the systematic looting that began with the Savings and Loan debacle in the 80s. The Objectivist posers tout the 'free market' and denounce the evils of regulation. When the shields come down, they bribe their way into a full sanction of their Ponzi schemes until the costs of failure reach the stratosphere. Finally their worthlessness is revealed, and they come running to the government for a bailout before retiring to their plush mansions. It’s capitalism for the profits and socialism for the losses.

Any institution that is backed by Federal insurance or receives a bailout from the Federal government has forfeited its right to the ‘free market.’ These institutions are a public menace and need to be regulated and watched if not nationalized.

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