Imagine the US government declaring that letting Bernie Madoff go under would hurt all parties involved ("he is too big to go bankrupt") and then assuming all the monies the man stole from his investors, while allowing his investment company to remain in business and Bernie free as a bird for his weekend jaunts to Hyannis. In another world, we would call this rewarding crime. Today, our government calls it asset management.
Why in the world would Obama fall for this is beyond me. I have stated all along that he is setting himself up for a fall by surrounding himself with these corporate hacks as his economic advisers, and today we are seeing the resulting equivalent of a financial congregation of Donald Rumsfelds possessing the levers of power over policy. Of course, the right-wing will denounce this and call the plan socialistic, but you only need to see the positive response from the real capitalists on Wall Street to see who the beneficiaries are going to be, and it is not going to be the average American.