What Happens When It Turns Out "The Man" Is Woodchuck Smart?

From the wacky leftist-commo rag the New York Times comes a screed against the brave new world of commerce and banking created by forward thinking and actionable men who pushed beyond the stars into whole new worlds of heady profit and genius.

Why is it government that's always called short-sighted and ignorant? Bureaucratic, ok, and sometimes that sucks, but how is this any better? It's not. These men are fucking idiots and they are breaking things. They should not be allowed near these things, and many of them should be in jail. And all of them should get a good swift kick through the ass:

"Not a week goes by that the Fed doesn’t inaugurate a new way to provide liquidity — meaning money — to the financial system. Bear Stearns isn’t enormous. It doesn’t take deposits from the public. Yet the Fed believed that letting it implode could unleash a domino effect among other banks, and the Fed provided a $30 billion guarantee for JPMorgan to snap it up.

Compared to the cold shoulder given to struggling homeowners, the cash and attention lavished by the government on the nation’s financial titans provides telling insight into the priorities of the Bush administration. It’s not simply a matter of fairness, though. The Fed is probably right to be doing all it can think of to avoid worse damage than the economy is already suffering. But if the objective is to encourage prudent banking and keep Wall Street’s wizards from periodically driving financial markets over the cliff, it is imperative to devise a remuneration system for bankers that puts more of their skin in the game.

Financiers, of course, dispute that they are being insufficiently penalized. “I received no bonus for 2007, no severance pay, no golden parachute,” E. Stanley O’Neal, the former chief executive of Merrill Lynch, told a House committee recently. That doesn’t seem like much of a blow to Mr. O’Neal, who was removed earlier this year following gargantuan subprime-related losses."