[Travis McGee]

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

--Ludwig Von Mises

Hank Paulson votes for option two.

[TigerLikesRooster]

Fighting it to the bitter end. Like imperial Japanese troops. Where is Paulson's Banzai Cliff? :-)

[AndyJackson]

I am so sick of this HS that the innocents in our financial services industries were forced into $59T in leveraged debt. It was a highly profitable conspiracy with Wall St recycling .1 c on the dollar of their illgotten gains back to dim politicians to keep the boondoggle going.

When someone hires 10 of his friends to put a bunch bullets in productive enterprises and then pay off a judge to say they are innocent and the victims can pay them expenses and legal fees, they are all guilty of fraud, bribery conspiracy and extortion. All of them. Anyone trying to argue comparative guilt, or worse that some of the crooks should be let off because there are other crooks still at large belongs in the loony bin.