Wall Street is running around like its ass is on fire and its hair is catching.
While not nearly as smug about this as ikilled007, I definitely detect a strong odor of government economic policy wonks trying to save folks from themselves (both ill-advised borrowers, and their creditors - caveat motherfucking emptor on both your houses), with a disproportionate portion of the bail-out thrust (though you'll notice the careful redaction of the term "bailout" from the media discourse on the subject) going towards institutional investment/credit firms.
Sometimes, the kid needs to fall off the bicycle and skin their knee or break their arm in order to learn a lesson. Wrapping them up like the goddamned Michelin Man teaches them that caution is for other people (see also: "The SUV Mentality").
We've removed Darwin's survival of the fittest from the gene pool; it may not be so readily excised from the world of finance; while the carnage won't be pretty in the short term, the flensing of a lot of economic bullshit strikes me as a good thing in terms of the big picture.
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ninetydegrees
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While not nearly as smug about this as
Sometimes, the kid needs to fall off the bicycle and skin their knee or break their arm in order to learn a lesson. Wrapping them up like the goddamned Michelin Man teaches them that caution is for other people (see also: "The SUV Mentality").
We've removed Darwin's survival of the fittest from the gene pool; it may not be so readily excised from the world of finance; while the carnage won't be pretty in the short term, the flensing of a lot of economic bullshit strikes me as a good thing in terms of the big picture.
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Both the verb and the action itself.