I quit watching the news, the yelping was hurting my ears. I did try to figure out what was going on by listening to interviews with investment bankers, stockbrokers, traders, economists, finance professors and all the rest of the assorted in-the-know people that NPR and PRI were cornering and asking questions.
Everyone seems to agree on a few points.
- No one can fix the whole system, the best solution is to fix the root problem and let the rest sort itself out. Some will fall, most will survive and the boat will gradually steady itself.
- No two viewpoints agree on exactly what that root problem is.
- Many people would like Bush to stop doing his Chicken Little imitation.
- 700+ billion to fix the problem is like spitting in the ocean.
The enormity of this is astounding, but the sky is not falling. Not yet.