Shorter "Marie" McArdle: "[...]Europe cannot let its banks fail, but it also can't divert public pensions to line the pockets of bankers. Yet it may well have to do one or the other. I am also expecting finance to win."
There you go. The poor and middle class will pay so the bankers lose nothing. So let it be written, so let it be done.
I wrote a long post supporting Amanda Traub's criticism of McArdle, but since Traub immediately backed off, why bother? No cookie for you.