"The second leg of the credit crunch"

Well the bank assets belong to a lot of little people (pensions that pay out to little people, stock owned by little people, and deposits by some little people) so I would prefer to see jail time for anyone even tangentially involved in this stuff. Perhaps we can get them to help all the other convicts get their GEDs.

Truly. Fine, we can’t let the banks collapse because their survival is necessary to the economy; but the continued employment of the people in charge is not necessary. If we can’t let market feedback discourage such behavior then that seems like a situation where the law should step in to provide its own brand of negative feedback.