My Thoughts on the Financial Crisis

This is a bit off topic from the computing subject, but we are living in a remarkable time in history right now. The financial markets are about to crash probably next week. Washington Mutual just folded today and I'm certain more will follow soon. In a way, I feel that these companies deserve to fail because they were imprudent and lacked integrity. My reaction at this point is to let the market do what it does for the next few weeks before any government intervention is introduced. I know that it will hurt business since the money supply will be tight for the foreseeable future, but that's the cost of these times. The markets will eventually work themselves out without intervention from the Bush Administration, although it may be quite painful. I don't believe the role of government should be insurance for failing banks. Perhaps at the end of this mess, common sense and integrity will return to the business of banking. Well, I'm not much of a banker, and perhaps I'm all wet, but that's the way I see it.