Kristof has it right at the New York Times,
writing inter alia in Crony Capitalism Comes Home that:
"[I]n recent years, some financiers have chosen to live in a government-backed featherbed. Their platform seems to be socialism for tycoons and capitalism for the rest of us. They're not evil at all. But when the system allows you more than your fair share, it's human to grab. That's what explains featherbedding by both unions and tycoons, and both are impediments to a well-functioning market economy."We agree. Read the whole op-ed here.