Wall Street always gets ‘bailed out’ because, if it didn’t, the financial markets would seize up and it would be game over. Indeed, nobody wins in that scenario. Unless, that is, you live on another planet and are betting against the survival of the human financial system.
From my perspective, most of the people that should be getting dinged are at the moment. That is subprime borrowers (stupid, greedy poor people) and the hedgies (stupid, greedy rich people). The brokers that were moving and grading the securities seem to have gotten away for the most part; but one can’t have everything.
