By all means put out the fire by doing what they did in the moment. But then respond not by passing ineffectual legislation that will surely be gamed and circu

By all means put out the fire by doing what they did in the moment. But then respond not by passing ineffectual legislation that will surely be gamed and circumvented but with stress testing the banks to see which ones are too big too fail and breaking them up until they are small enough to fail. As to who gets the "toxic" assets, who cares? They are all but worthless. Auction them off to whoever will buy them that way we no longer have this fiction that they will ever be worth anything. The US tax payer is now explicitly on the hook for these assets. The sooner we know what they are truly worth the better.