Why all the effort to prop up failed financial institutions? The whole sector might have been an elaborate Ponzi scheme. There seems to be a lively debate about letting the auto industry work its problems out in bankruptcy. Why not the same for the financial sector?
Will Wilkinson, a research fellow at the Cato Institute, thinks that the government should stop "trying to prop up already failed financial giants. We'll best ensure continued investment in our still-vital economy if we let new financial players rise from Wall Street's ruins." Read or listen to his opinion.