Here is how the free market works: open competition among sellers, informed bidding among buyers. Sellers are responsible for competing; buyers are responsible for informing themselves. When the government pledges to increase competition or keep buyers informed, the market is no longer free.He argues that Wall Street types were happy taking bad investment vehicles because they assumed that the government would take care of them. You know like how people don't bother preventing fires because we have Fireman. "Why shouldn't I smoke in bed? If my bedsheets catch on fire, Dennis O'Leary will be in here like a flash to put me out."
At any rate, I personally am keen on personal responsibility, but am not keen on letting the crooks and frauds off the hook by blaming their victims.