Fortune Magazine points out we will be see lots of renewed debate about regulation in the coming years as a result of this latest bailout. The challenge may be to keep the pendulum from swinging too far the OTHER way now, as people begin pushing to regulate everything.
Here is a quote from the story:
Union leaders like the AFL-CIO’s John Sweeney suddenly sound as if they’re in the mainstream of public opinion with statements like this: “One thing is certain. No one – no politician, no investment banker, no television commentator, no economist – should be able to say again with a straight face that here in the United States we just let markets do whatever markets do and everything works out for the best.”
Here is the article.