Absolutely! I'm not excusing the government at all. I'm just really pissed that the financial institutions, corporate America if you will, have come out of this smelling so clean, when in fact they bear so much of the blame. I blame the government for that as well. It's their job to prosecute these bastards. They won't because they're in on the scam as well.
I think this is where some of us will always butt heads. I don't know, of course, but it seems very reasonable to me that the banks may indeed have been 'too big to fail'. I mean, yes they could have failed and the country would still be here, but I can't imagine what kind of financial armageddon we might be looking at after a domino effect of back failure. Look at the mess we're in right now, even after saving the banks. We're taking some chances by having bailed them out, but I'd rather do that than find out what the alternative would look like. And I say this based on other economists that I respect that echo the same sentiment: 'no one wanted to find out what it would look like had we not bailed out the banks'. That's enough for me. Where we can agree is that we should not still be sitting here with banks that are 'too big to fail'. That needs to change. Instead we have banks that are even bigger and 'way to big to fail'. That has to addressed or we will undoubtedly find ourselves in this mess again when the banks are taking crazy risks
I think every company that received a bailout should have been broken up and restructured instead of just throwing money at them. The American people are really PO'ed over the bailouts and rightfully so.