This is partially why the common man is rioting on the streets in some parts of the world, like Greece.
If we were all forced to take pay cuts or take massive tax hits to bail out irresponsible banks, many of us would be out there protesting as well.
Many of the policy makers and politicians and bankers own property and are not inclined to make changes that woudl de-value the market, especially politicians who need votes to survive.
Unfortunately stupidity and greed results in a cost somehow, so we will not escape this reckoning, it's just a matter of time as to when the ferryman will ask for his payment for the these idiotic practices.
The only way to avoid it is to maybe become self sufficient somehow, so that you are paying no income tax by the time the manure strikes the fan, and live off cash for a while and earn no money, so the desperate govenment cant get their hands on your hard earned wealth to bail out the 4 greedy pillars of grandiose stupidity.
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