I see your point, David. And I have no problem with guaranteeing that the people who invested are able to get their money out. Maybe this clip was an abbreviation of the larger argument, the one that I agree with is asking conservatives what it really is that they believe. If you say that socialism is bad, then why is the first thing you turn to when there is a crisis socialism? And, if we are going to socialize the risk, and socialize the penalty, then shouldn't we also socialize the profit?
I also have a problem with allowing all of the people who told us that what we needed was less and less regulation so that their unconstrained genius could work its magic on the market, who then fell flat on their faces, to collectively cry "do over." No. You failed. You are done. Your ideology has been proven wrong. Move along. If the government, meaning the citizenry, is going to bail these companies out, it must also come with the stipulation that, as the largest investor, the government, and we as stockholders, get to exercise a large say in how the company is run. Regulation, is another name for it I believe.
Wow, Andrew Sullivan is still a jackass. Never saw that coming.