Just one quibble, Venice. Those who left their 401s and IRAs alone have essentially been made whole. I feel sorry for those who had to cash them in to pay the mortgage. But I'm not particularly sorry for those who bought more house than they could afford. Yes, the banks were and are crooks, but caveat emptor still applies. Those who cashed in their retirement funds simply because they thought the sky was falling got what they deserved. It's why Social Security should not be privatized. The great majority of Americans cannot be trusted to handle their finances properly. For the most part that's their problem, except when their poor decisions make them a burden on society.
I'm a liberal when it comes to the truly needy. When it comes to those who are greedy and make bad decisions as a result, and those who have money and don't take the trouble to learn to manage it, not so much.