In July, the collapse of California-based IndyMac, which the FDIC had to bail out because of the excessive number of risky mortgage loans it made, heightened fears that more bank failures were on the horizon.

NPR: Worsening Credit Markets Cause More Banks To Fail

Finally, knowing that the feds will bail out broken pensions will free sponsors and their portfolio managers to take excessive risk in the hopes of realizing higher returns.

FORBES: Just Say No To Federal Bailouts Of State Pension Funds