The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.
The burnt odor in Washington is from the disintegrating authority of the governing classes.
A profound political question is suddenly on the table: Must the country continue to give precedence to private financial gain and market determinism over human lives and broad public values?
In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.
As the world's finest democracy, we do not do guillotines. But there are other less bloody rituals of humiliation, designed to reassure the populace that order is restored, the Republic cleansed.
