Anyway, as for the substance: a bank had risky behaviour and lost out. Now everyone, including those who never did and never will benefit from that risk, are called to pick up the check. This is, objectively speaking, a transfer of wealth from the poor to the rich.
Now you may justify that with trickle-down economics, but I'm not arguing that point, and neither is the writer. He is merely pointing out how the "leave free enterprise alone" crowd is now suddenly in favour of handouts :)