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Any capitalist could see that supporting major financial institutions at the bottom of the smash was simple a great trade that would profit everyone involved and grow the entire value pie available to everyone. Buffett did. The chairman of JP Morgan did. I did. And so did the secretary of the Treasury and the head of the New York Fed and the head of the Fed board. The original JP Morgan would have.

Libertarian ideologues think capitalism consists in the belief that the state as cooties; actual capitalists understand that it consists in belief in the proposition that income from capital is entirely legitimate, that sound allocations of capital create value that would not otherwise exist, and that large confident bets are what make those sound allocations come about. And they care far more whether a bet is right than about who makes it.