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safeguards to insure it never happens again.
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Like maybe
not bailing out banks which knowingly made loans they knew were bad to people they knew couldn't pay and then expected the taxpayer to cover the losses they knew they'd incur.
If I'd gone to the Belmont Stakes this year and lost my shirt betting on Big Brown, nobody'd bail me out. The Fed wouldn't steal $.01, let alone
1.5 TRILLION dollars to save my ass. Why should these banks and their idiot CEOs be any different? Let them fail, let them sink, let them blow away like dust in the wind. Then, when it becomes clear that there are
consequences for this kind of idiocy, maybe we won't have to worry about this again. This is what happens when you insulate Corporations from the effects of the Market; they become impervious to any kind of sanction, do whatever will make them short-term gains, and then strongarm the Fed into robbing the rest of us to pay for it.