The alternative was to let capitalism administer its punishment to reckless speculators. Instead, they were made whole again at the cost of years worth of futu

The alternative was to let capitalism administer its punishment to reckless speculators. Instead, they were made whole again at the cost of years worth of future demand pulled forward by easy money policies. Worse, the sense that "we made it across" has caused way too many people to jump back on the risk/debt wagon with gleeful abandon. The crisis wasn't resolved, but merely postponed.