"As for Wall Street, Mr. McCain blamed the meltdown on “unbridled corruption and greed.” He called for a commission to find out what happened and propose solutions. His diagnosis and his cure are misguided. The crisis on Wall Street is fundamentally a failure to do the things that temper, detect and punish corruption and greed. It was a failure to police the markets, to enforce rules, to heed and sound warnings and expose questionable products and practices.
The regulatory failure is rooted in a markets-are-good-government-is-bad ideology that has been ascendant as long as Mr. McCain has been in Washington and championed by his own party. If Mr. McCain adheres to some other belief system, we would like to hear about it." Editorial NY Times
End of the world? End of days? The Manhattan Syndrome? Soup kitchens coming? Swan diving Wall Street grubbies? Ragnarok? The Rapture on the way? A chicken in very few pots?
It looks bad folks, really, really bad. Show me the way to go home. Show me….