The financial blogosphere has been preoccupied with the story. Some interesting commentary and links here:
http://www.washingtonsblog.com/2010/10/there-is-only-one-way-out-of.html
A lot of the financial bloggers are libertarians who subscribe to the notion that many of the US big banks are insolvent and should be temporarily taken over and restructured by a resolution trust authority. They're opposed to the bailout of so-called zombie banks. This school also has its adherents on the left, of course, who want to see such nationalization made permanent.
^^^^^^^^ CB: One of the long term "goals" of LBO-talk is to find rational kernels in libertarianism. Some libertarians seem to be onto something with respect to finance capital.