Bank Rescue Programs: Setting the Stage for More Looting?

" We have sometimes pointed to a paper by Nobel prize winner George Akerlof (of "markets for lemons" fame) and Paul Romer on the phenomenon of looting. Forgive us for repeating ourselves, but this paper was written in the wake of the savings and loan crisis, and was clearly ignored, because if anyone had heeded their message, we wouldn't be in the mess we are in."