As soon as public hostility to using taxpayer money to prop up Wall Street appeared to subside, this week's stock market sell-off demonstrated that the financial crisis continues to intensify. Public anger will reignite once people realize there will be calls for more bailouts in the future. When they do, their outrage should be channeled into reducing the size of the financial sector and curbing the propensity for traders to take on excessive risk.
The bailout did not change the basic...
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