[Worldtraveler once upon a time]

From the article, "Attack capital, and do not be shocked by the flight of capital from your communities or states. "

Your comment: "No bailouts. Stupidity should be painful."

Your comment is spot on, and at its source, the simple principle is liberty. Capital -- like donations in the offering plate in church -- is a matter of who "will" and who "will not."

[libstripper]

I had a similar experience with my old fraternity. Due especially to undergraduate incompetence and failure to pay bills the chapter failed and closed its doors. Now, as one of the graduates from earlier, better times, I'm being asked to kick in more. I had planned a substantial bequest that would have covered most of the arrerages run up by the parasites. Instead, I eliminated the planned bequest.