Bank bailout

I'm probably just naive and dangerously uninformed, but I can't help wishing we'd stop TARP II in its tracks and let all the banks fail who are at risk.

I'm bolstered by this WaPo story that describes a little bank that did things right, missed out on big returns on risky investments, and now is not in need of bailing out (but does see a way to make good use of bailout money):

Citizens [a bank] is among the stronger and more conservative banks in the Charlotte market. Despite setting aside $3.2 million last year for expected loan losses, the bank managed to post a profit of $3.1 million, down from $5.7 million the year before. Citizens never got into subprime lending or 100 percent loans, and for its caution lost a lot of business during the go-go years. Now, however, its reward is that its nonperforming loans are less than half of 1 percent of all its loans.