Saved from Collapse

The lead headline from page R1 in today’s WSJ:

For Rebuilt Markets, A Test in 2010 : Government Saved the Financial System from Collapse. Now Investors Have to Stand on Their Own.

The article that makes this wild assertion is written by one Tom Lauricella, who must not care a great deal about his journalistic credibility. Maybe he’s thinking of quitting his day job for something else, and this is his way of burning his credibility behind him. I just made that up, but then so did Lauricella make up his stuff.