Reply #1: "Hyperventilating like a hypochondriac"

[Warpy]

Gotta love the doctor, nobody can skewer the bloviating idiots on CNBC the way he can, Stewart should be taking his stuff instead of the other way around.

He's also right about the broken dam analogy. Continuing to throw good money after bad is simply not going to solve the problems caused by all that fancy paper in the banking system's asset column. Only nationalization, purging that paper, and returning to sound and heavily regulated banking practices will save the system, returning banks to the private sector only when they can stay in business legally.

It will be done eventually, but it's a politically risky move. People are going to have to be convinced of the magnitude of the disaster before they will accept that kind of "socialism."