Obama & company may be barreling toward more financial disaster

Today's Paul Krugman on why Obama's apparent plan to "save" the banks is a stupid idea:

We can’t afford to squander money giving huge windfalls to banks and their executives, merely to preserve the illusion of private ownership.

Meanwhile, why is anyone giving any credence to free market fundamentalism -- a philosophy that, well, Katrina-ed the entire world's economy?