Libertarians will say, "But that's not libertarianism, Mike!" That response parallels communists who say, "But China isn't real communism! Russia wasn't pure communism!"
The bailouts should have been 9/11 for libertarianism. We libertarians were duped. We were unwitting foot soldiers for Wall Street.
"Free markets! Deregulation!" All good in theory - until you realize that, in America, this is the end result of libertarianism: