This represents the legalization of unrestrained looting by the financial class-what Marxists would call the capitalist class. This *is* capitalism--the complete control of the means of production by a small class of financiers working for their own private benefit. It's not free market, it's not laissez-faire, but it's capitalism.

I suppose if you were an old-school Communist you might see this as the crisis before the Revolution, but the reality is that this is a massive step in the wrong direction, against the rule of law, against the proper regulation and function of markets, against democratic decision-making in the economy, against everything that people believe in regardless of their ideology (liberal, conservative, or radical), except for the crony class that plans to make out like bandits.