Am I the only one who finds it ironic that the anti-government, fiercely pro-business, survival of the fittest capitalists of Wall Street are now lining up to be the world's biggest corporate welfare bums?

And that the anti-regulatory, 'get government off the backs of business' political dimwits who fostered a culture that allowed the credit crisis to develop are the same ones offering what is effectively a socialist solution? The U.S. government has been taking over some of the biggest financial institutions and is offering to take equity in some others.

So much for cuttin’ red tape and lettin’ bizness do bizness!

Sadly, it may be the least painful of the unpalatable options available.

But at least everyone will have learned a lesson from this whenever this ends right? That government regulation of the financial industry is necessary and that unfettered greed is not a virtue?

And if you believe that, I’ll sell you some oceanfront property in Saskatchewan. But…..cash only please.