Here are the gory details explained in a nutshell...
Ponzi scheme anybody?
Seriously: this whole crisis is overblown. It will be sorted out. The amounts are manageable. What is needed is better regulation and a plan. Oops... I've just called for the two things that the economic nuts refuse to accept: regulation and planning. The fanatics assure us that everything goes so much better if it is done with no cops on the beat and no "big picture" to give anybody a clue as to what is really going on!
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