Bear Stearns in March, Freddie and Fannie Mac a few weeks ago, and now Lehman Brothers and Merrill Lynch fail while AIG receives an $85 billion bailout. That may just be the tip of the iceberg. In coming days we may hear plans for a trillion dollar bail out of the financial sector. It hardly seems fair that when medical catastrophes can be the largest cause of personal bankruptcy, a bunch of Wall Street fat cats can bet billions on a high-stakes game of poker and get bailed out. Read the rest of this entry »