Hey, do you know who else hates these bailouts?

The stock market does, that’s who?

The “candy” is over. We’ve seen in the recent past Wall St. perk up with news of government intervention into the private sector, especially with respect to financial institutions. No way to say for sure but those days appear to be over as the stock market plunged below 6800 points (lowest since ’97) yesterday, in part, on news that the Feds would pump another $30 billion into AIG.

This is the 4th such injection of funds into AIG alone and the market seems to be saying “we’ve seen this movie before” as AIG will report losses of $60 billion for the 4th quarter of 2008.

Wall St. Journal analysts explaining here in video why the “band-aid” approach to “zombie” institutions like AIG and Citigroup have lost their appeal in the stock market.