Saw a good post by Phil over at Random Nuclear Strikes.
Politicians from both parties resisted regulation of the financial markets, for whatever reasons. Now that the market has had the carpet pulled out from under it, and we're paying to keep the lights on in institutions that are deemed critical, the roaches are scattering.
My only real beef with this whole process is the fact that these government rescues always seem to include some really nice golden parachutes for the executives of these companies. If you've run your business into the ground so bad that the government is stepping in and buying you out, why do you still make more money that some small countries?
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