Thank you, V. Kahuna, for posting from a banker's perspective. Interesting and clearly stated.

And all too tragically true. I know.

I write once in awhile about how I talk to bankers from time to time. And I might sound like I am kidding around a little. That is usually my style. But I really do talk to bankers. And I have done it a couple of times during this past week. And they have said the same thing. No choice. And the bankers I know did not put their banks in harm's way. But now we are all in harm's way.

For months I have been using the quote, "Unrestrained greed is not only bad morals, it's bad economics." I could go back through my old posts and find my rants on all this. Months ago. (Hey, maybe now is the time to print up those bumper stickers and t-shirts with my favorite quote. They might sell now.)

But I do not flatter myself for even a moment. I know most of you saw it coming, too. We have been around for awhile. We know about cash and cash flow, and all that entails, and how to make it work. Or we used to know. Or we thought we did.

I wanted to be wrong. I wanted to be so completely, absurdly wrong. I wanted to be wrong about seeing it coming. And so did you.

This was not capitalism in its glory. This was an abomination. An obscenity.

Each of us is angry. Furious. And also maybe feeling something like a little white hot terror.

Arms and legs will grow from this monster. Either way.

The bailout I believe is the lesser of two evils. It has to be. But I cannot trust at all that they got it right. Will we get any bang for the buck?

Boomer