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I agree on the panic, and it has been coming for a while. I’m surprised that so many were surprised. I don’t know if those in charge were asleep at the wheel, are just stupid, or knew this was coming and either thoght they could delay the day of reckoning, or decided to ride it for all it was worth until the bottom dropped away.

The scale of the problem would appear to be greater than what government can affect to fix. If this is not out of the government’s control, it will be soon enough. Things seem to be coming very fast. Frankly, I am still shocked how quickly we went from having 5 autonomous major investment banks to having none.

Those Freepers that could not but believe that George W Bush was a great conservative and would not let this crisis happen are being shocked out of their money and will undoubtedly be shocked out of a lot more of their money. They believed the Bush, Paulson, Limbaugh, Hannity, Kudlow, insanity that everything was really OK and there was nothing at all to worry over. All the while it was repudiation of conservative values by Bush et al that have caused this catastrophe. This depression we are about to descend into, thy name is Compassionate Conservatism. There is no difference between Compassionate Conservatism of the republican variety than Socialism.

When true conservatives tried to warn of this disaster that has now occurred, we were consistently maligned and ridiculed as “gloom and doomers". Those that refused to heed the warnings and did not sell this market beginning this spring are paying the price for their ignorance. I feel great sorrow for what is about to happen in the US in the next 5 to 10 years. But somehow, I do not feel any sorrow for those who chose to ignore the warnings that were freely given by fellow Freepers. George Bush and his Rino compassionate conservatives have led this country into a true disaster. Much more serious than Pearl Harbor because we have not the financial nor moral wherewithal to counter this disaster.