True enough RE: importance of saving the financial system, though there's plenty of room for debate about the best way to go about it. For instance: what shoul

True enough RE: importance of saving the financial system, though there's plenty of room for debate about the best way to go about it. For instance: what should the government (read: taxpayers) get in return for their guarantees of these companies' debt? (As any other lender would!) I'm all for saving the financial system - but to the extent that we're socializing losses, it's importance to balance it by socializing some of the future gains as well (via stock, for example) - otherwise, we get into the sort of crazy loop where there are effectively unlimited guarantees for screwing up.