Plenty of bailouts for bad business to go around. Were regulators awake anywhere in recent years? The US may have a long list of billion dollar bailouts but Europe isn't looking very brilliant either with UBS, Barclays, Northern Rock, Lloyds, Societe General, Credit Suisse and now the bailout by Banque Populaire and Caisse d'Epargne for CIFG.
Who will join the party next? How many years will this excessive greed and regulatory ignorance set everyone back? Sure, this seems like a great bunch to let regulate Social Security. We really need these banks taking helping us out and it's just so obvious that they will do better than the government. Go ahead and tell how much better they will be. Just let the dust settle first and count up the billions down the drain.
