Russia is very improved

Don't believe Paulson: S&L 2.0, the Bank Failure Redux

Yet another great article. I am not sure my thoughts on the future match yours, but the aforementioned analysis is excellent. I think there will be a massive bailout effort during the next few years. Several emerging countries are wealthy enough to finance it for us, so money may not be the concern. The real concern is what is the potential damage to our democracy and middle class for the long term??