For the many of us fed up with the worst traits of our somewhat sorry species holding sway over the planet's future.
You embrace fewer isms; "get" that fear borne of ignorance has always been our only problem; and that endless "growth" can only lead to (per Bones) "...life, Jim, but not as we know it."
crash08 COMMERCIAL TO BOTTOM OUT IN 2010 latimes 11-07-09
This is a bookmark to the "extend and pretend" article I sent last week. The LAT's take is that banks will finally 'fess up, foreclose on and mark down the value of "severely underwater" (as in, Mariana Trench underwater) commercial loans and mortgages in their portfolios.
I disagree. Banks, being comprised of humans, will continue to delude themselves and wait for some "corner" to be turned, allowing them to recoup some of their losses, after taking less-egregious-than-now write-offs. It's a lovely fantasy, and unless they get pressure from the federal government - unlikely, as even the gal whose job it is to make the banks behave, Sheila Baird, head of the FDIC, has been told to shut up - or shareholders (a joke), they are unlikely to do much of anything they don't have to until the firing squad (FDIC) is adjusting its bandoleers. I believe the earlier scenario is more likely, but, a stay of execution still means you're going to die.