We are being hit by a financial hurricane. The response is like that towards Katrina. Turning away from the ugly truths on display only gives the shock capitalist boys and girls more scope to operate. Paralysis by revulsion only abets those to whom revulsion is not possible--the sociopaths who have been in charge. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
What I'm feeling more comfortable is: what's happening is due to washington consensus policies during the last thirty years, now, if you don't want it to continue the same way, costing money to everyone, it's regulation time, and let's keep at it. A free fox in a free henhouse!
