>> I'm sorry to be so glib, but if the answer isn't as simple as "end bonuses", it also isn't as simple as "just let the banks fail".

But there is a "simple" difference between philosophies of how to address corruption in financial markets.

>> And if tens of thousands of people lose their jobs because the corporate credit markets freeze and otherwise-profitable companies can't fund their day-to-day operations

There is no way to avoid the day of reckoning.

Don't pretend that any crises that were avoided in 2008 won't be that much larger when they eventually materialize.