The regulators have never done their jobs. Look at how many “campaign contributions” Chris Dodd received from financial institutions LAST YEAR alone. He dropped from the Presidential race on Jan 3, 2008; so why the $6,000,000?
We’ve had a system in place to nationalize banks in the event of failure since the Great Depression called the FDIC.
Congress and thw whitehouse have this “have-to-do-something” mindset perpetuated by a blind media that brainwashes the public into thinking bigger Government is the solution, when if they would do their job properly and morally in the first place we wouldn’t need any bailouts.
