Why not bailout Wall Street?  It's America--EVERYONE gets a bailout:  

Despite the vote by the House of Representatives yesterday, the fact remains that America desperately needs a bailout - a massive rescue plan for an institution vital to our nation and its economy.

America is experiencing a collapse of the ethics market. Belief in the notion that people should be responsible for their own actions, or pay their own bills or keep their promises has plummeted. It’s time to pump moral and ethical capital into the idea of individual responsibility.

Is it any wonder that Wall Street is waiting for a bailout? After all, we’ve become a bailout society.

Earlier this summer - before the financial meltdown - we passed Barney Frank’s $300 billion bailout of individual homeowners who had bought homes they couldn’t afford. Last week, Congress voted a $25 billion bailout of the auto industry because they’ve made cars nobody wants to drive.

And now we’re bailing out banks because they made loans to people who feel no duty to repay them. This failure of personal responsibility has led to the potential failure of our financial markets.

Read the rest of my column in today's Boston Herald.