It's The Apocalypse: The NY Times has it right
I am no fan of the NY Times. The hatchet job those folks did, in editorials and largely fictional "news" of the Duke non-rape, non-assault case was appalling.
But, they have it right, right now.
First, on the Bear-Stearns bailout. Are you KIDDING me? I remember in the late 1980s when all my cheeKAHgo boy friends who worked in Chile were telling me confidently that the regime meant it, it really did. No bailouts. Oh, until some banks failed, banks owned by the pro-regime elite. 1983, and again in 1989. Turned out that free-market principles don't extend to letting your pals go bankrupt, even if they deserve it. In 1989 Chile passed the "Law Establishing the Central Bank of Chile, Law No. 18840." To make these bailoutsofourrichfriends easier. Bye, bye, now, cheeKAHgos.
Second, Stanley Fish (Stanley FREAKING Fish, of Duke Psychotic English Department fame!) totally nails the issues, the analysis, and logic of the superdelegate "crisis."