But hope springs eternal. I am pleased to report that after all these years of ignoring my advice, the gambling-industrial complex is now listening. In its darkest hour, the brahmins of the bistros have finally taken to heart something I promulgated almost a decade ago. Because people are people, there will always be screwups. The weaker among us will always want to blame someone else.
Politicians are masters of the art.
I submit that a socialistic spreading of the blame is only good management. It's also consistent with the ethics of modern capitalism. This is just how the international banks cover their asses when loans to dictatorships go sour. To paraphrase former Clinton economic advisor Laura Tyson, they want to privatize the profit but socialize the risk. In other words, taxpayers pay for their bad decisions.