We've seen this movie before. The financial industry pushes for deregulation. The financial industry takes on more and more risk because it pays in the short run to gamble with other people's money. Then the gambit eventually fails and these idiots need to be bailed out in order to protect the larger financial system. Why do we keep letting these jackasses get away with this?
Spot freaking on—unfortunately.
Yup-I've heard this song before-SPLAT!