Maybe you've had enough of "gloom and doom" articles, like the one by Paul Krugman that just appeared in The New York TImes, titled: Recession Risk Rises as Subprime Mortgage Crisis Dries up Credit. In that one, he quotes Bill Gross of bond manager Pimco as saying, "What we are witnessing is essentially the breakdown of our modern day banking system, a complex of leveraged lending so hard to understand that Federal Reserve Chairman Ben Bernanke required a face-to-face refresher course from hedge fund managers in mid-August."
Perhaps the Feds should have spent eight minutes watching this segment of The Last Laugh, in which British humorists The Long Johns try to explain the subprime fiasco. It is a classic!
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