The continued looting of the U.S. treasury

I've just got done learning about how this whole Fannie Mae / Freddie Mac crisis started and, again, it turns out to be little more than the looting of our treasury by another bunch of asshole bankers, lawyers and accountants. Bunch of greedy mother-fuckers who gamed the system so they'd come out ahead and fuck everybody else in the process. And now we're supposed to bail out these motherfuckers who put us in a horrible financial crisis - thanks to their greed and disregard for anybody else.

They spend much of their time, energy and money preaching the wisdom of the free market and demand the government stay OUT of their business, arguing that American business and the American people will flourish if left to their own devices. The Market, they preach, will self-correct.

Then when the shit hits the fan because of their own greedy practices (namely lending money to people who don't really understand the terms and who couldn't possibly afford the loans they were getting) the once market-wise bankers want to be bailed out by the American Tax Payer. That's right, you and I get to underwrite the failure of their predatory lending practices to the tune of TRILLIONS of dollars.

I heard it described today as "...the Capitalism of Profit and the Socialism of Debt." Use that line the next time some asshole right-winger wants to argue about the burdens of oversight and regulations.