As someone who really does not understand economics, I can't elucidate the murky dealings that led us to our current state, but with each fresh collapse and merger of another major bank, the same image keeps popping into my head. I see a mansion built on shifting sand whose foundation has been eaten away and is now collapsing dramatically into the ocean. Unstoppable tides tear it down; the only thing that could have saved it was to have built the thing with caution and foresight in the beginning.
I feel as though all of this could have been foreseen. And it is all connected: housing loans, sub-prime mortgages, bank failures and now the collapsing stock market. Each built on the other, and when pieces of the foundation of our economy were washed away by the inevitable tides, the entire house began to disintegrate.
The question is: now what?
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