From the print and online editions of the nation's premier urban-policy magazine http://www.city-journal.org/cj-comments.xml?story=7576 Manhattan Institute What caused all this mess was reckless, unregulated lending by private sector banks into countries like Greece and Ireland. The citizens and taxpayers are now picking up the tab for private sector losses. So much for the free market. Privatise gains and socialise losses. http://www.city-journal.org/comments/index.php?story=7576#10942 http://www.city-journal.org/comments/index.php?story=7576#10942 Wed, 02 Nov 2011 10:37:12 EDT Thank you for a coherent analysis of a situation seldom presented coherently by anyone involved. http://www.city-journal.org/comments/index.php?story=7576#10937 http://www.city-journal.org/comments/index.php?story=7576#10937 Wed, 02 Nov 2011 06:21:33 EDT