Okay, who did it?
I've warned you all repeatedly not to ask, even rhetorically, how much worse thing can get with this pack of idiots in office. But obviously someone wasn't listening. I picked up today's New York Times to discover that the two biggest mortgage companies, Fannie Mae and Freddie Mac are on the ropes-- so bad that the Federal government might have to bail one or both companies out.
To make matters worse, the bad news battered the stock market, which has already taken a beating in recent months. Oh, and oil prices, which had eased a bit in the last few days, went up again to yet a new record.
Do you ever wonder if Federal Reserve Board chairman Paul Bernanke feels like he knows what Titanic Captain Edward Smith felt about a half hour after the Titanic hit the iceberg?