The bailouts on our financial system has cost about 800 billion in the last two weeks. This is an interesting way to stop this from happening again. The author is a Nobel winning economist. It is interesting and worth a read.

http://www.cnn.com/2008/POLITICS/09/17/stiglitz.crisis/index.html

Right now,especially after yesterdays debacle on Wall Street,Investors
are acting irrational.Just like Greenspan warned of " Irrational Exuberance "
when the Boom Market of the mid-90's and stocks like Yahoo
reached peaks of + 500/sh. Based not on Value but sheer glee &
speculation on all the capital { Paper } being funnelled into equities.

I hated watching - Hardball - last night because I just knew
Host Chris Matthews was gonna throw a min-temper tantrum
and insisit that this President and Republicans in general need to
lay blame on the current administration,and Big Time.

The U.S. Is Still by FAR the World's biggest Economy,with no one
near approaching us.1/4th of the World's GDP is held by the United States.
Investors are fleeing to T-bills with the worse rate of return since 1941.
Not because T-bills have an attractive rate of return.A 3 month bill
yields 0.03. That's about as sucky as it gets.But Investors don't wanna
LOSE value.At least a PLUS 0.03 is better than any negative thru unguaranteed
failing of a Bank.

The markets are merely undergoing a transition,over the Housing
Crisis which trickled down to the lenders { Subprime manipulators } and
FNMA and it's lack of needed oversight.

Old Chineese proverb :

May you be condemned to a time of transition.

You knowed ... Like Frogger and Smarty have done Ben.