To Answer Alex’s Question….
Alex wants to know why we are bailing out Citigroup. Simple: the executives and large stake shareholders in Citigroup have the personal phone numbers of most politicians in their roll-a-dex. They are probably on a first name basis with Senator Harry Reid, Speaker of the House Nancy Pelosi, Secretary Henry Paulson, and Senator Mitch McConnell.
Voters on the other hand do not have these numbers. Voters are a large and diverse group. Voters are hard to organize and can be a fractious group at best. So when it comes to supporting large scale donors, possible future employers, over screwing the voter it is a no-brainer. Any attempt to look for additional logic/reasons in this is futile. We have here an extremely blatant case of rent-seeking.