These guys are gamblers, with other peoples money, the fruits of their labour. A gambler who loses does not, and should not, be bailed out by the rest of us. The US and most western economies are based on trading in ephemera, something that has no physical existence. It had to evaporate one day, and I could see it coming several years ago and I'm not an economist, just your regular Joe Blow. All the BS about days of boom/slump in capitalist economies being a thing of the past was just that, the underlying way the sytem works has seen no real change from before the crash of the 1920's.
Time to look at making REAL changes, and making the penalties for playing monopoly with other peoples assets EXTREMELY severe, cast in stone and unchangeable.
But, it isn't going to happen I'm afraid. Our law makers are so deeply involved with the cause of the problem (ie Funded) that they will baulk at biting the bullet.
Getting off soapbox
Bill