Yep..........................

The Naked Capitalism blog notices human nature:

"One of the big lessons of the fraught negotiations over bailing out (or more accurately, in) Cyprus’s banks is that deregulating institutions with an implicit or explicit state guarantee is a bad idea. You’ve just given them a license to gamble with the public’s money, and you can rest assured that they will eventually avail themselves of it."

I suspect the intent of this post is to suggest that Wall Street likes said license, and is smart, clever, and determined enough to figure out ways to keep it.