And I'm not surprised.

I'll explain why in a minute, but first here's Capitalism's obituary. It's the New York Times' lead story on the bailout of A.I.G....

WASHINGTON -- Fearing a financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government control of the troubled insurance giant American International Group.

The decision, only two weeks after the Treasury took over the federally chartered mortgage finance...