Ned is delighted to hear that the obscenely rich "investors" who were taken to the cleaners by the Madoff fraud will recover at least half of their losses, due to an agreement by the spouse of one of Madoff's more successful clients, as Ned understands it. She has decided to make billions available from the estate of her late husband to repay those who were not so successful. Ned will choke back his rage at the very idea of any one individual being allowed to amass such a pile of filthy lucre in the first place.
Now, Ned waits, not he hopes in vain, to hear of some benefactor who will step forward and offer to compensate those unfortunate middle class persons who lost everything in their 401k's and stock holdings when the FDIC without warning seized Washington Mutual and essentially gave it to Chase. Had they instead simply increased the insurance on each account at WaMu to $250 grand from $100k, it is possible that business owners would have stayed with WaMu instead of withdrawing their money, fearing the banks collapse. This mass withdrawal created a run on the bank, apparently precipitating the FDIC's action.
But these people are just middle class, and not members of the Sneering Plutocracy, so Ned waits....and waits....and waits....
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