This was such an unprecedented crisis, that they were not even embarassed when they blackmailed the government into bailing them out, while retaining their bonuses. We are all better off for having a banking system, even one like this. Fellow freepers assure me of this and I believe them.
I'll never ever forget these bailouts, which started under Bush...
I knew at the time, it would be one bailout after another...Lots of corrupt insiders lined up with their hands out, filling the trunks of their limos with cash on their way to parties at AIG.
However, tax payers need not apply for any bailout. Those suckers are on their own, and if they fall behind, they get their asses and assets seized.