This one actually makes your argument for you better than anything posted here.
Peter Schiff talks about the millions of mortgages that are underwater, that U.S. homeowners have very little incentive to continue paying, that will only expand forclosures an additional 1.2 million over the next year.
And the excesses of J P Morgan bank, who used federal taxpayers' bailout money to make further high-risk investments for their own benefit, while denying loans to the taxpayers who bailed them out. Schiff has made the same point in his book and many interviews, that the high-risk investments stem from the knowledge that if it pays off, they will reap huge profits. But if the risky investment goes bad, they will not be held responsible and the nanny-state Federal Reserve system will take the loss. This is not free-market capitalism, this is state-run capitalism that interferes with the accountability that would normally exist in free-market capitalism. The illusion of regulation, that just translates to enabling greed, with taxpayers picking up the tab if it goes the other way.
