1

Other than, say, every conservative around.

Not true.  Plenty of conservatives, blindly rooting on wall street, were for some form of bailout, lest the 'financial system collapse'.  The head moron was particularly obtuse on the subject.  Plenty still think that Hammering Hank Paulson did the best he could, when all he really did was spread misinformation and panic so that his cronies at GS and elsewhere could profit massively.

Is there a crisis? Yes, of course.  Unfortunately everything done so far has papered over the problems, at huge expense to the taxpayer.  Hell, many conservatives still think that forcing the banks to mark-to-market is a bad idea.  As if all the bad loans on their books will magically become better if they're not forced to realize the loss when it occurs.  I'd rather have a busted bank than a zombie bank any day.

The bottom line is that there is no consensus on either side of the political aisle on how to proceed, as most people (regardless of ideology) prefer putting off pain in the short term, even if it means more pain drawn out over the longer term.  Combine that with those who still watch Tout TV (CNBC and the like) for their information, my railing against the current government/financial oligarchy is more likely to find a home at DKOS than on most conservative sites.

2 In conservatives' defense, it was Bush and his coterie of "compassionate conservatives" trying to get McCain elected who started this crap, so it was "conservatives" much more than conservatives. And I'm pretty sure most real conservatives were pissed off when we found out that Bush' peeps forced some banks to take my money and lied about what was really going on.

I don't understand finance all that well but I do know that "too big to fail" is bad, bad, bad. If the gov't protects the biggies from failing but not the smallies, pretty soon there won't be any smallies, just biggies that are even too bigger to fail.

The first bailout I saw was Chrysler in the 70s and I thought it was a bad idea.
They needed more bailouts because they learned they were too big to fail instead of learning not to be stupid.

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