Facebook, business as usual

So apparently the Facebook IPO was a pump-and-dump, with insiders making out like gangbusters and small investors left holding the bag. For some reason lots of people seem to be upset about this.
What? That's the deal. What's good for Morgan Stanley is bad for America. Americans swore renewed fealty to this setup years ago now, when it was declared that no matter how bad the economic meltdown it would not shake their faith in deregulating Wall Street and bailing out the bloodsuckers. Robbing everyone blind is what they're supposed to be doing, it's the American way (and increasingly the global way). Why is everyone suddenly squalling about this now?