If anything, the glee of a sewing circle over the paroxysms underway in the financial market presents a splendid bit of irony in an otherwise tumultuous week.
On the heels of de facto nationalization of Fannie and Freddie, venerable Lehman Brothers fell on its sword, dying an ignominious death, followed by an eleventh-hour rescue of AIG that “brings on bloodbath”, as investors fear more shoes may drop.
Continued at the other blog.