Crisis exposing have vs. have not rift?

A New York Times column makes an interesting point about the ongoing credit crunch: Main Street folks are continuing to struggle with little overt regulatory help, while the Wall Street folks are quickly dubbed "too big to fail" and "bailed out." John Bogle is quoted: "The banks are too big to fail and the man in the street is too small to bail." A populist point to be sure. You could argue that some of the disgraced execs who got very nice severance packages escaped with little accountability imposed on them, but others, like those at Bear Stearns, saw a lot of their personal wealth wiped out. Some may even face prosecution. There may be more imposed accountability yet. Whether that makes troubled mortgage holders feel any better remains up in the air.  

For more:
- here's the article

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