I like this article about the now-defeated $700 Billion Bailout in the US. I think it gives a slightly different perspective than I’d read yet, and it makes sense to me.

My personal opinion is that they’re going to get hit hard no matter what they do (though I’m hoping the rest of us will emerge rather unscathed…) so they may as well try to fix the system that led to this situation, rather than trying to prop it up so it can keep doing what it was doing.