MICKEY KAUS:

I thought Wall Streeters were paid big money because they took big risks. Capitalism, etc. But when those risks actually materialize, and the Wall Streeters are actually threatened with large losses that might change their lifestyles, Jim Cramer shows up to demand that the government bail out his friends.

Plus: “Should the campaign of John Edwards be accusing other candidates of exploiting tragedy?”

UPDATE: A Cramer defense.