Polemic®

Reading reports that if WaMu fails tomorrow as expected, the FDIC will need to be bailed out…

Don’t you think for the amount of money the Big Government® is paying to bailout these free market champions they could have just set up a program to help people from defaulting in the first place?

Still no deal on AIG, WaMu now on the brink.
But John McCain says the economy is sound, so don’t worry.
 
UPDATE: Maybe someone who’s got a degree in economics and is ordained in the pseudo-faith of the free market can explain this to me, since I don’t get it.
Couldn’t this whole mess been averted by simply [...]

Umm… is this 1929?
This is your deregulated free market at work.
But it’s irresponsible borrowers! Yeah, but your perverse incentives combined with no regulation lead to irresponsibility.  And now we are on the verge of a collapse. Gevalt.