But of course

But of course.

AP study finds $1.6B went to bailed-out bank execs

Lord Acton and Adam Smith both had one or two things to say about this particular version of corporate socialism.

In fact, it was this exact tendency of the rich and powerful to look out for themselves at the expense of everyone else that led each of them to the conclusion that the most honest and decent societies were the consequence of greater freedom, not greater power.

That is what it originally meant to be a liberal: to believe in liberty as the better alternative to power as the basis for society and the fundamental premise of governance.

But of course liberals would abandon such liberalism. What could make more sense?