By the Way

A number of financial experts are still telling everyone to be calm, that the problem mortgages are only 2% or so of all outstanding mortgages ... but a lot of the panic selling seems to be coming from the bankers, who are in the best position to know about the real quality of the mortgages that have been issued, packaged and sold. Hmmm!

And before the markets get a bailout in whatever form it might come, shouldn't someone be asking the bankers to repay the bonuses they took for issuing all the crappy mortgages?