An excerpt from a letter to the editor, found here:
In short the only TRUE solution is to treat both the little guy and big guy equally, let the punishment happen so people can learn from what us more frugallittle guys already know, that you need to live within your means and to save.Markets will always fluctuate and the only way to deal with that reality (yestits a predictable reality) is to be prepared and not act shocked when the nextbubble finally bursts.
Bailouts, also, are never the solution because they only come back later tohaunt you.
Marc Itzkowitz – Palo Alto, CA
