About 'mutual funds canada'|... article from the Financial Post (of Canada); (emphasis mine) In the press ...or through their pension, insurance and mutual funds that hold Exxon Mobil shares...
Ｔｈｅ ｉｎｔｅｒｎａｔｉｏｎａｌ ｎｅｗｓ ｍｅｄｉａ ｄｉｄ ｔｈｅ ｒｉｇｈｔ ｔｈｉｎｇ ｗｉｔｈ ｔｈｅ ＳＡＲＳ ｅｐｉｄｅｍｉｃ. Ｔｈｅｙ ｇｅｎｅｒａｔｅｄ ｈｙｓｔｅｒｉａ ｔｈａｔ ｈｅｌｐｅｄ ｓｌｏｗ ｄｏｗｎ ｃｏｍｍｕｎｉｃａｔｉｏｎｓ ｗｉｔｈ ａｆｆｅｃｔｅｄ ｆａｒ ｅａｓｔ ｃｏｕｎｔｒｉｅｓ ａｎｄ ｋｅｐｔ ｐｅｏｐｌｅ ｉｓｏｌａｔｅｄ. Ｔｈｅ Ｎｅｗｓ Ｍｅｄｉａ ｗａｓ ｄｏｉｎｇ ｔｈｅ ｂｅｓｔ ｔｈｅｙ ｅｖｅｒ ｈａｄ ａｎｄ ａｃｔｕａｌｌｙ ｈｅｌｐｅｄ ｄｏ ｍｏｒｅ ｔｈａｎ ａｎｙｏｎｅ ｅｌｓｅ ｔｏ ｓｔｏｐ ａ ｗｏｒｌｄ ｐａｎｄｅｍｉｃ. Ｔｈｅ Ｎｅｗｓ Ｍｅｄｉａ ｓｔｉｌｌ ｄｏｅｓ ｎｏｔ ｋｎｏｗ ｔｈｅ ｅｘｔｅｎｔ ｏｆ ｔｈｅ ｇｏｏｄ ｔｈｅｙ ｄｉｄ ｉｎ ｔｈａｔ ｃａｓｅ ｂｙ ｇｅｎｅｒａｔｉｎｇ ｐｕｒｅ ｈｙｓｔｅｒｉａ. Ｗｈｅｎ ｔｈｅ ＳＡＲＳ ｖｉｒｕｓ ａｐｐｅａｒｅｄ ｉｎ Ｔｏｒｏｎｔｏ , Ｃａｎａｄａ. Ｒｅｐｏｒｔｉｎｇ ｔｈａｔ ｆａｃｔ ａｎｄ ｐｒａｃｔｉｃａｌｌｙ ｓｈｕｔｔｉｎｇ ｄｏｗｎ ｔｈｅ Ｃａｎａｄｉａｎ Ｂｏｒｄｅｒ ｔｕｒｎｅｄ ｏｕｔ ｔｏ ｂｅ ｗｏｒｔｈｗｈｉｌｅ ｔｅｍｐｏｒａｒｙ ｃｏｎｄｉｔｉｏｎ ｔｏ ｓｔｏｐｐｉｎｇ ｔｈｅ ｓｐｒｅａｄ ｏｆ ａ ｄｅａｄｌｙ ｖｉｒｕｓ. Ｔｈａｔ ｗａｓ ｔｈｅ ｆｉｒｓｔ ａｎｄ ｌａｓｔ ｇｒｅａｔ ｍｏｍｅｎｔ ｆｏｒ ｔｈｅ ｏｌｉｇａｒｃｈｙ ｏｆ ｔｈｅ Ａｍｅｒｉｃａｎ ｍａｓｓ ｎｅｗｓ ｍｅｄｉａ! Ｔｈｅ ｓａｍｅ ｆｏｌｋｓ ｔｈａｔ ｇａｖｅ ｕｓ ｎｏｎｓｔｏｐ Ｍｉｃｈａｅｌ Ｊａｃｋｓｏｎ ｏｎ ｔｒｉａｌ, Ｍａｒｔｈａ Ｓｔｅｗａｒｔ, Ｓｐｏｔｔｅｄ Ｏｗｌ ｈｙｓｔｅｒｉａ, Ｇｌｏｂａｌ Ｗａｒｍｉｎｇ Ｈｙｓｔｅｒｉａ, ＯＪ Ｓｉｍｐｓｏｎ Ｔｒｉａｌｓ ａｎｄ ｔｒｉｂｕｌａｔｉｏｎｓ ａｎｄ Ｔｏｎｙａ Ｈａｒｄｉｎｇ ｗｏｕｌｄ ｓｏｏｎ ｆｉｎｄ ｔｈａｔ ｔｈｅ ｂａｎｋｉｎｇ ｓｙｓｔｅｍ ｃｏｕｌｄ ｍａｋｅ ｆｏｒ ａｎ ｅｎｄｕｒｉｎｇ ｍａｓｓ ｈｙｓｔｅｒｉａ . Ｔｈｅ ｒｅｃｅｎｔ ｆｉｎａｎｃｉａｌ ｎｅｗｓ ｒｅｐｏｒｔｉｎｇ ｈａｓ ｇｅｎｅｒａｔｅｄ ｅｖｅｎ ｍｏｒｅ ｈｙｓｔｅｒｉａ ｗｉｔｈ ｐｏｔｅｎｔｉａｌ ｃａｔａｓｔｒｏｐｈｉｃ ｒｅｓｕｌｔｓ ｗｉｔｈ ｔｈｅ ｂａｎｋｉｎｇ ｓｙｓｔｅｍ ｈａｎｄｌｅ ｔｈａｎ Ｉ ｅｖｅｒ ｂｅｆｏｒｅ. Ｏｎｅ ｖｉｅｗ ｉｓ ｔｈａｔ ｔｈｅ ｎｅｗｓ ｍｅｄｉａ ａｃｔｕａｌｌｙ ｈｏｕｎｄｅｄ Ｂｅａｒ Ｓｔｅｒｎｓ ｏｕｔ ｏｆ ｂｕｓｉｎｅｓｓ ａｎｄ ｈｅｌｐｅｄ ｃｒｅａｔｅ ａ ｒｕｎ ｏｎ ｔｈｅｉｒ ａｓｓｅｔｓ, ｔｈｅ ｓａｍｅ ｈａｐｐｅｎｅｄ ｗｉｔｈ Ｆａｎｎｉｅ Ｍａｅ , Ｆｒｅｄｄｉｅ Ｍａｃ, Ｌｅｈｍａｎ Ｂｒｏｔｈｅｒｓ ａｎｄ ｔｈｅｎ Ｗａｓｈｉｎｇｔｏｎ Ｍｕｔｕａｌ , "ｔｈｅ ｂｉｇｇｅｓｔ ｂａｎｋ ｆａｉｌｕｒｅ ｉｎ ｈｉｓｔｏｒｙ." Ｂｌｏｏｍｂｅｒｇ , Ｆｏｘ Ｎｅｗｓ, ＣＮＮ, ＡＢＣ, ＣＢＳ, ＣＮＢＣ, ＮＢＣ, ＭＳＮＢＣ ｗｉｌｌ ｂｒｉｎｇ ｅｘｐｅｒｔｓ ｏｎ ｍａｒｋｅｔ ｄｏｏｍ ｉｎｔｏ ｔｈｅｉｒ ｓｔｕｄｉｏｓ ｗｈｅｎ ｔｈｅ ｍａｒｋｅｔ ｄｉｐｓ ａｎｄ ｍａｒｋｅｔ ｏｐｔｉｍｉｓｔｓ ｉｎｔｏ ｔｈｅｉｒ ｓｔｕｄｉｏｓ ｗｈｅｎ ｔｈｅ ｍａｒｋｅｔ ｇｏｅｓ ｕｐ. Ｔｈｅ ｅｖｉｄｅｎｃｅ ｆｒｏｍ ｔｈｅ ｃｏｌｌａｐｓｅ ｏｆ Ｗａｓｈｉｎｇｔｏｎ Ｍｕｔｕａｌ , ｅｓｐｅｃｉａｌｌｙ, ｉｓ ｔｈａｔ ｔｈｅ ｂａｎｋ ｅｘｐｅｒｉｅｎｃｅｄ ａｎ ｏｌｄ ｆａｓｈｉｏｎｅｄ ｒｕｎ ｏｎ ｔｈｅ ｂａｎｋ ｉｎ ｐａｎｉｃ ｅｖｅｎ ｔｈｏｕｇｈ ａｌｌ ａｃｃｏｕｎｔｓ ｗｅｒｅ ＦＤＩＣ ｉｎｓｕｒｅｄ. Ｗｈｅｒｅ ｗａｓ ｔｈｅ ｐｕｂｌｉｃ ｗｉｔｈｄｒａｗｉｎｇ ｆｕｎｄｓ ｆｒｏｍ Ｗａｓｈｉｎｇｔｏｎ Ｍｕｔｕａｌ ｉｎ ａ ｐａｎｉｃ ｇｅｔｔｉｎｇ ｔｈｅｉｒ ｉｎｆｏｒｍａｔｉｏｎ? Ｉ ｔｈｉｎｋ ｔｈａｔ ｔｈｅ Ｎｅｗｓ Ｍｅｄｉａ ｍｉｇｈｔ ｈａｖｅ ｓｏｍｅ ｆｉｎａｎｃｉａｌ ｌｉａｂｉｌｉｔｙ ｗｈｅｎ ｉｔ ｃｏｍｅｓ ｔｏ ｇｅｎｅｒａｔｉｎｇ ｐａｎｉｃ ａｎｄ ｃｒｉｓｉｓ ｍｅｎｔａｌｉｔｙ ｗｈｅｎ ｔｈｅｒｅ ｒｅａｌｌｙ ｉｓ ｎｏｔ ｏｎｅ. Ｔｈｅｒｅ ｗａｓ ｎｏ ｒｅａｓｏｎ ｆｏｒ ａｎｙｏｎｅ ｔｏ ｒｅｍｏｖｅ ｍｏｎｅｙ ｆｒｏｍ Ｗａｓｈｉｎｇｔｏｎ Ｍｕｔｕａｌ ａｃｃｏｕｎｔｓ ｕｎｌｅｓｓ ｔｈｅｙ ｈａｄ ｏｖｅｒ 100,000 ｄｏｌｌａｒｓ ｉｎ ｄｅｐｏｓｉｔｓ ｔｈｅｒｅ. Ｉ ｈａｄ ｆｒｉｅｎｄｓ ｗｈｏ ｗｉｔｈｄｒｅｗ ａ ｆｅｗ ｔｈｏｕｓａｎｄ ｄｏｌｌａｒｓ. Ｗｈｙ? Ｔｈｅ ｉｎｆｏｒｍａｔｉｏｎ ａｂｏｕｔ ｏｕｒ ｈａｖｉｎｇ ａ ｆｉｎａｎｃｉａｌ ｃｒｉｓｉｓ ｗａｓ ｍａｎｕｆａｃｔｕｒｅｄ ｆｒｏｍ ｔｈｅ ｓｔａｒｔ ｉｔ ｓｅｅｍｓ. Ｅｖｅｎ ｔｈｅ ｉｄｅａ ｏｆ ａ ｈｏｕｓｉｎｇ ｂｕｂｂｌｅ ｄｏｅｓ ｎｏｔ ｍａｋｅ ｓｅｎｓｅ ｅｖｅｒｙｗｈｅｒｅ ｉｎ ｔｈｅ ＵＳＡ ｂｅｃａｕｓｅ ｐｒｉｃｅｓ ｗｅｒｅ ｎｏｔ ｆａｌｌｉｎｇ ｕｎｉｆｏｒｍｌｙ ａｃｒｏｓｓ ｔｈｅ ｗｈｏｌｅ ｃｏｕｎｔｒｙ ｉｎ ｅｖｅｒｙ ｌｏｃａｌ ｍａｒｋｅｔ. Ｔｈｅｒｅ ｗａｓ ｎｏ ｒｅｃｅｓｓｉｏｎ ｔｏ ｂｅｇｉｎ ｗｉｔｈ ａｎｄ ｔｈｅｎ ｓｕｄｄｅｎｌｙ ａｆｔｅｒ ｔｈｅ ＯＪ Ｓｉｍｐｓｏｎ ｅｆｆｅｃｔ ｔｏｏｋ ｈｏｌｄ ｔｈｅｒｅ ｓｅｅｍ ｔｏ ｂｅ ｏｎｅ ｏｖｅｒ ｔｈｅ ｅｄｇｅ ｏｆ ｔｈｅ ｐｒｅｃｉｐｉｃｅ ｃｌｉｆｆ ｔｈａｔ ｔｈｅ ｍａｒｋｅｔ ｗａｓ ａｂｏｕｔ ｔｏ ｓｔｕｍｂｌｅ ｏｖｅｒ. Ｔｈｅ ｍｅｄｉａ ｐｕｔ ｏｎｅ ｃｏｍｐａｎｙ ｏｎ ｄｅａｔｈ ｗａｔｃｈ ａｆｔｅｒ ａｎｏｔｈｅｒ. Ｌｅｔｔｉｎｇ ｅｖｅｒｙｏｎｅ ｗｏｒｌｄ ｗｉｄｅ ｋｎｏｗ ｔｏ ｗｉｔｈｄｒａｗ ｆｕｎｄｓ. Ｒｅａｌｉｚｉｎｇ ｔｈａｔ ａ ｎｕｍｂｅｒ ｏｆ ｂａｎｋｓ ａｒｅ ｉｎ ａ ｗｅａｋｅｎｅｄ ｓｔａｔｅ ｏｆ ｆｉｎａｎｃｉａｌ ｃｏｎｄｉｔｉｏｎ ｉｓ ｒｅａｌｌｙ ｎｏ ｒｅａｓｏｎ ｔｏ ｓｐｕｒ ａ ｍａｓｓ ｈｙｓｔｅｒｉａ ｔｏ ｗｉｔｈｄｒａｗ ｇｏｖｅｒｎｍｅｎｔ ｉｎｓｕｒｅｄ ＦＤＩＣ ｆｕｎｄｓ ｆｒｏｍ ｔｈｏｓｅ ｂａｎｋｓ. Ｊｉｍ Ｃｒａｍｅｒ ｗｈｏ ｈａｓ ａ ｓｈｏｗ ｃａｌｌｅｄ Ｍａｄ Ｍｏｎｅｙ ｏｎ ＣＮＢＣ, ａ ｆｒａｎｃｈｉｓｅ ｏｆ ｔｈｅ Ｇｅｎｅｒａｌ Ｅｌｅｃｔｒｉｃ Ｃｏｍｐａｎｙ, Ｃａｍｅ ｏｎ ｔｅｌｅｖｉｓｉｏｎ ｏｎｅ ｄａｙ ａｎｄ ｗａｓ ｔｅｌｌｉｎｇ ｈｉｓ ａｕｄｉｅｎｃｅ ｔｏ ｓｅｌｌ ｓｔｏｃｋｓ ａｎｄ ｂｕｙ ｇｏｌｄ. Ｉ ｗａｓ ｓｉｔｔｉｎｇ ｗａｔｃｈｉｎｇ ＴＶ ａｎｄ ｓｔａｒｔｅｄ ｌａｕｇｈｉｎｇ. Ｔｈｉｓ ｇｕｙ ｉｓ ｐａｎｉｃｋｉｎｇ ｎｏｗ. Ｉ ｋｎｏｗ ｍａｒｋｅｔｓ ｐｒｅｔｔｙ ｗｅｌｌ ａｎｄ ｔｈｉｓ ｗｏｕｌｄ ｂｅ ａ ｍｏｓｔ ｅｘｃｅｐｔｉｏｎａｌ ｔｉｍｅ ｔｏ ｓｅｌｌ ｐａｎｉｃｋｉｎｇ ｐｅｏｐｌｅ ｇｏｌｄ ｉｆ ｙｏｕ ｈａｐｐｅｎｅｄ ｔｏ ｈａｖｅ ｇｏｌｄ ｔｏ ｓｅｌｌ. Ｔｈｅ ｎｅｘｔ ｔｈｉｎｇ ｙｏｕ ｈｅａｒ ｏｎ ＣＮＢＣ ｉｓ ｈｏｗ ｔｈｅ ｍａｒｋｅｔｓ ｈａｖｅ ｓｕｆｆｅｒｅｄ ａ ｌｏｓｓ ｏｆ ｃｏｎｆｉｄｅｎｃｅ ａｎｄ ｔｈａｔ ｔｈｅ ｃｏｕｎｔｒｙ ｎｅｅｄｓ ａ ｍａｓｓｉｖｅ ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒ ｂａｉｌｏｕｔ ｆｒｏｍ ｔｈｅ ｓａｍｅ ｆｅｄｅｒａｌ ｇｏｖｅｒｎｍｅｎｔ ｔｈａｔ ｃａｎｎｏｔ ｂｅ ｔｒｕｓｔｅｄ ｔｏ ｓｏ ｔｈａｔ ｙｏｕ ｃａｎ ｌｅａｖｅ ｙｏｕｒ ｍｏｎｅｙ ｉｎ ａ ｂａｎｋ ｉｎｓｔｅａｄ ｏｆ ｂｕｙｉｎｇ ｇｏｌｄ ｗｈｅｎ ｉｔ ｈａｓ ＦＤＩＣ ｉｎｓｕｒａｎｃｅ. Ｇｅｎｅｒａｌ Ｅｌｅｃｔｒｉｃ ｓｈｏｕｌｄ ｂｅ ａｓｈａｍｅｄ ｏｆ ｉｔｓｅｌｆ, ｅｖｅｎ ｉｆ ｔｈｅ ｃｏｍｐａｎｙ ｓｏ ｂａｄｌｙ ｍａｎａｇｅｄ ｔｈｅｉｒ ｆｉｎａｎｃｅｓ ｔｈａｔ ｔｈｅｙ ａｒｅ ｌｏｏｋｉｎｇ ｆｏｒ ａ ｇｏｖｅｒｎｍｅｎｔ ｈａｎｄ ｏｕｔ ｔｏ ｃｏｖｅｒ ｔｈｅｉｒ ｏｗｎ ｂｕｔｔ. Ｎｅｗｓ ｒｅｐｏｒｔｓ ｃａｍｅ ｏｕｔ ｉｎ ｔｈｅ ｍａｓｓ ｍｅｄｉａ ｔｈａｔ ｔｈｅ 700 ｂｉｌｌｉｏｎ ｄｏｌｌａｒ ｐｌａｎ ｔｏ ｓａｖｅ ｔｈｅ ｆｉｎａｎｃｉａｌ ｓｙｓｔｅｍ ｒｅａｌ ｐｕｒｐｏｓｅ ｗａｓ ｔｏ ｋｅｅｐ ｔｈｅ ｅｃｏｎｏｍｙ ｆｒｏｍ ｒｏｌｌｉｎｇ ｏｖｅｒ ｉｎｔｏ ｒｅｃｅｓｓｉｏｎ. Ｙｅｓ "ｒｅｃｅｓｓｉｏｎ"! Ｓｉｎｃｅ ｗｈｅｎ ｗａｓ ｔｈｅ ｐｕｒｐｏｓｅ ｏｆ ａ ｇｏｖｅｒｎｍｅｎｔ ｔｏ ｓｔｏｐ ａｎ ｅｃｏｎｏｍｉｃ ｄｏｗｎｔｕｒｎ ｌｅｄ ｍｙ ｍａｊｏｒ ｂａｎｋ ｆａｉｌｕｒｅｓ? Ｉ ｔｈｏｕｇｈｔ ｔｈｅ ｂｉｌｌ ｗａｓ ｔｏ ｓａｖｅ ｔｈｅ ｆｉｎａｎｃｉａｌ ｓｙｓｔｅｍ ａｎｄ ｔｈｅｎ ｓｕｄｄｅｎｌｙ ｉｔ ｉｓ ｔｏ ｓｔｏｐ ａ ｐｅｎｄｉｎｇ ｒｅｃｅｓｓｉｏｎ ｔｈａｔ ｈａｓ ｎｏｔ ｍａｔｅｒｉａｌｉｚｅｄ. Ｉ ｇｏ ｔｏ ｔｈｅ ｍａｌｌ ａｎｄ ｓｅｅ ｐｅｏｐｌｅ ｓｈｏｐｐｉｎｇ ｉｎ ａｌｌ ｔｈｅ ｓｔｏｒｅ. Ｔｈｅｒｅ ｉｓ ｎｏ ｓｉｇｎ ｏｆ ｒｅｃｅｓｓｉｏｎ. Ｓｏｍｅ ｒｅａｌ ｅｓｔａｔｅ ｐｒｉｃｅｓ ｈａｖｅ ｆａｌｌｅｎ ｌｅａｖｉｎｇ ｓｏｍｅ ｂａｎｋｓ ｗｉｔｈ ｂｉｇ ｌｏｓｓｅｓ. Ｉ ｔｕｒｎ ｏｎ ｔｈｅ ｔｅｌｅｖｉｓｉｏｎ ｏｒ ｏｐｅｎ ｔｈｅ ｎｅｗｓｐａｐｅｒ ａｎｄ ｔｈｅｒｅ ｉｓ ａ ｃｏｍｐｌｅｔｅｌｙ ｄｉｆｆｅｒｅｎｔ ｒｅａｌｉｔｙ. Ｉｔ ｗａｓ ｕｎｄｅｒ ｔｈｅ Ｂｕｓｈ Ａｄｍｉｎｉｓｔｒａｔｉｏｎ ｔｈａｔ ｃｒｅｄｉｔ ｃａｒｄ ｉｓｓｕｉｎｇ ｃｏｍｐａｎｉｅｓ ｇｏｔ ａ ｂｉｌｌ ｐａｓｓｅｄ ｂｙ Ｃｏｎｇｒｅｓｓ ａｎｄ ｓｉｇｎｅｄ ｂｙ ｔｈｅ ｐｒｅｓｉｄｅｎｔ ｐｒｅｖｅｎｔｉｎｇ ｂａｎｋｒｕｐｔｃｙ ａｂｕｓｅ ａｎｄ ｉｔ ｗａｓ ｔｈｅ ｒｅｐｕｂｌｉｃａｎｓ ａｎｄ Ａｌａｎ Ｇｒｅｅｎｓｐａｎ ｔｈａｔ ｗａｒｎｅｄ ｉｎ ａｄｖａｎｃｅ ｔｈａｔ Ｆａｎｎｉｅ Ｍａｅ ａｎｄ Ｆｒｅｄｄｉｅ Ｍａｃ ｗｅｒｅ ｂｕｉｌｄｉｎｇ ａｎ ｕｎｓｕｓｔａｉｎａｂｌｅ ｂｕｓｉｎｅｓｓ ｉｎ ｔｈｅ ｈｏｕｓｉｎｇ ｂｏｏｍ. Ａｌａｎ Ｇｒｅｅｎｓｐａｎ ｗａｎｔｅｄ ｔｈｅ ｔｗｏ ｑｕａｓｉ ｇｏｖｅｒｎｍｅｎｔ ａｇｅｎｃｉｅｓ ｔｏ ａｌｌｏｗ ｂａｎｋｓ ｔｏ ｒｅｔａｉｎ ｍｏｒｅ ｒｉｓｋ ｉｎ ｔｈｅ ｌｏａｎｓ ｔｈａｔ ｔｈｅｙ ｉｓｓｕｅｄ. Ｔｈｅ ｒｅｇｕｌａｔｅｄ ｅｃｏｎｏｍｙ ａｎｄ ｂｕｓｉｎｅｓｓ ａｎｄ ｍａｒｋｅｔ ｌａｗｓ ａｒｅ ｉｎ ｔｈｅ ＵＳＡ ｓｏ ｔｈｅ ａｒｇｕｍｅｎｔ ｔｈａｔ ｔｈａｔ ｐｒｉｖａｔｅ ｅｎｔｅｒｐｒｉｓｅ ｗａｓ ａｌｌ ｔｏ ｂｌａｍｅ ｆｏｒ ｔｈｅ ｂａｎｋ ｆａｉｌｕｒｅｓ ｉｓ ｎｏｎｓｅｎｓｅ. Ｉｔ ｉｓ ｔｒｕｅ ｔｈａｔ ｆａｒ ｔｏｏ ｍａｎｙ Ｂｉｇ ｐｕｂｌｉｃ Ａｍｅｒｉｃａｎ ｃｏｍｐａｎｉｅｓ ｐａｙ ｔｈｅｉｒ ｍａｎａｇｅｍｅｎｔｓ ｆａｒ ｔｏｏ ｍｕｃｈ ｍｏｎｅｙ ｆｏｒ ｔｈｅｉｒ ｓｅｒｖｉｃｅｓ ａｎｄ ｅｖｅｎ ｒｅｗａｒｄ ｃｏｍｐｌｅｔｅ ｆａｉｌｕｒｅ. Ｗｈａｔ ｈａｐｐｅｎｅｄ ａｔ Ｗａｓｈｉｎｇｔｏｎ Ｍｕｔｕａｌ ｉｓ ｔｈａｔ ｍａｎａｇｅｍｅｎｔ ｗｅｎｔ ｏｖｅｒ ｔｈｅ ｃｌｉｆｆ ｓｅｅｋｉｎｇ ｕｎｎｅｃｅｓｓａｒｙ ｂａｎｋｉｎｇ ｒｉｓｋ ｂｅｃａｕｓｅ ｂｅｔｔｅｒ ｒｅｓｕｌｔｓ ｂｏｏｓｔｅｄ ｔｈｅ ｓａｌａｒｉｅｓ ａｎｄ ｂｅｎｅｆｉｔｓ ｏｆ ｔｏｐ ｅｍｐｌｏｙｅｅ ｍａｎａｇｅｍｅｎｔ ｐｅｏｐｌｅ. Ｗａｓｈｉｎｇｔｏｎ Ｍｕｔｕａｌ ｗｅｎｔ ｆｒｏｍ ｂｅｉｎｇ ａ ｓｍａｌｌｉｓｈ ｓｏｕｎｄ ｃｏｎｓｅｒｖａｔｉｖｅ ｂａｎｋ ｔｈａｔ ｐｌｅｄｇｅｄ ｉｔ'ｓ ｓｈａｒｅｈｏｌｄｅｒｓ ｔｈａｔ ｉｔ ｗｏｕｌｄ ｐａｓｓ ｏｎ ｒｉｓｋｙ ｍｏｒｔｇａｇｅｓ ｔｏ Ｆａｎｎｉｅ ａｎｄ Ｆｒｅｄｄｉｅ ｔｏ ｏｎｅ ｄｏｉｎｇ ｓｏｍｅｔｈｉｎｇ ｃｏｎｓｉｄｅｒａｂｌｙ ｄｉｆｆｅｒｅｎｔ ｔｈａｎ ａｄｖｅｒｔｉｓｅｄ ｔｏ ｔｈｅ ｐｕｂｌｉｃ. Ｓｈａｒｅｈｏｌｄｅｒｓ ｗｈｏ ｌｏｓｔ ｅｖｅｒｙｔｈｉｎｇ ｗｉｌｌ ｆｉｎｄ ｔｈｅｍｓｅｌｖｅｓ ｉｎ ｈｏｒｒｏｒ ｗｈｅｎ ｔｈｅ ｔｒｕｔｈ ａｂｏｕｔ ｗｈａｔ ｒｅａｌｌｙ ｈａｐｐｅｎｅｄ ａｔ Ｗａｓｈｉｎｇｔｏｎ Ｍｕｔｕａｌ ｒｅａｌｌｙ ｃｏｍｅｓ ｏｕｔ. Ｔｈｅｙ ｗｉｌｌ ｆｉｎｄ ｏｕｔ ｔｈａｔ ｔｈｅ ｍａｎａｇｅｍｅｎｔ ｋｎｅｗ ｔｈｅ ｌｏｏｔｅｄ ｔｈｅ ｂａｎｋ ｅｎｒｏｎ ｓｔｙｌｅ ｌｏｎｇ ｂｅｆｏｒｅ ｔｈｅ ｓｈｉｔ ｈｉｔ ｔｈｅ ｆａｎ ｗｉｔｈ ｔｈｅ ｆａｉｌｕｒｅｓ ｏｆ Ｆｒｅｄｄｉｅ ａｎｄ Ｆａｎｎｉｅ. Ｔｈｅｙ ｋｎｅｗ ｔｈｅｙ ｗｅｒｅ ｏｎ ｂｏｒｒｏｗｅｄ ｔｉｍｅ ｔｈｏｕｇｈ ｔｈｅ ｂａｎｋ ｐｒｏｂａｂｌｙ ｗｏｕｌｄ ｈａｖｅ ｓｕｒｖｉｖｅｄ ｊｕｓｔ ｗｉｔｈ ｎｏ ｓｈａｒｅｈｏｌｄｅｒ ｅｑｕｉｔｙ ｌｅｆｔ. Ｔｈｅ ｍｅｄｉａ ｄｉｄ ｔｈｅ ｒｅｓｔ ｔｏ ｋｉｌｌ ｔｈｅ ｒｅｍａｉｎｉｎｇ ｃｏｍｐａｎｙ. Ｔｈｅ Ｂｅａｒ Ｓｔｅｒｎｓ ｂｌｏｗ ｕｐ ｈａｄ ｔｈｅ ｍｅｄｉａ ｓｔａｋｅｄ ｏｕｔ ｄｏｉｎｇ ａ ｃｏｒｐｏｒａｔｅ ｄｅａｔｈ ｗａｔｃｈ ｄｒｕｍｍｉｎｇ ｕｐ ａ ｓｔｏｒｙ ｗｈｅｒｅ ｔｈｅｒｅ ｒｅａｌｌｙ ｗａｓ ｎｏｎｅ. Ｔｈｅｒｅ ｗａｓ ｎｏ ＦＤＩＣ ｉｎｓｕｒａｎｃｅ ｆｏｒ ａｌｌ ｄｅｐｏｓｉｔｏｒｓ ｔｈｅｒｅ ｎｅｃｅｓｓａｒｉｌｙ ｂｕｔ ｉｔ ｉｓ ｒａｔｈｅｒ ｉｎｔｅｒｅｓｔｉｎｇ ｈｏｗ ｔｈｅ ｖａｌｕｅ ｏｆ ｂｅａｒ ｇｏｔ ｆｉｘｅｄ ａｎｄ ｓｏｌｄ ａｈｅａｄ ｏｆ ｉｔｓ ｆａｉｌｕｒｅ ｓｕｇｇｅｓｔｉｎｇ ｔｈａｔ , ｏｂｖｉｏｕｓｌｙ , ｉｔ ｗａｓ ｎｏｔ ｂａｎｋｒｕｐｔ. Ｔｈｅ ｓａｍｅ ｉｓ ｔｒｕｅ ｏｆ Ｌｅｈｍａｎ. Ｎｏｔ ｂａｎｋｒｕｐｔ ｕｎｔｉｌ ｔｈｅ ｍｅｄｉａ ｆａｎｎｅｄ ｔｈｅ ｆｌａｍｅｓ ｏｆ ｄｏｕｂｔ ａｎｄ ｃａｕｓｅｄ ａ ｒｕｎ ｏｎ ｄｅｐｏｓｉｔｓ. Ｗｈｙ? Ｉｇｎｏｒａｎｃｅ ａｎｄ ｌａｃｋ ｏｆ ｐｕｂｌｉｃ ｅｄｕｃａｔｉｏｎ.. Ｔｈｅ Ｍｉｃｈａｅｌ Ｊａｃｋｓｏｎ ｔｒｉａｌ ｎｅｗｓ ｍｅｄｉａ ｗｅ ｈａｖｅ ｉｓ ｉｎｃａｐａｂｌｅ ｏｆ ｅｄｕｃａｔｉｎｇ ａｎｙ ｏｎｅ. Ｔｈｅ ｎｅｗｓ ｍｅｄｉａ ｉｓ ｉｎ ｔｈｅ ｅｎｔｅｒｔａｉｎｍｅｎｔ ｂｕｓｉｎｅｓｓ. Ｔｈｅ 911 ａｔｔａｃｋｓ ｏｎ ｔｈｅ ｗｏｒｌｄ ｔｒａｄｅ ｃｅｎｔｅｒ ａｎｄ ｔｈｅ Ｐｅｎｔａｇｏｎ ｃｏｕｌｄ ｈａｖｅ ｈａｐｐｅｎｅｄ ａｎｄ ｎｏ ｏｎｅ ｗｏｕｌｄ ｈａｖｅ ｈｅａｒｄ ａ ｔｈｉｎｇ ａｂｏｕｔ ｔｈｅｍ ｉｆ ｔｈｅ ＯＪ Ｓｉｍｐｓｏｎ Ｔｒｉａｌ ｗａｓ ｓｔｉｌｌ ｇｏｉｎｇ ｏｎ ｉｎ Ｌｏｓ Ａｎｇｅｌｅｓ. Ｔｈｅ ｍｅｄｉａ ｐｅｒｓｏｎａｌｉｔｉｅｓ ａｎｄ ｒｅｐｏｒｔｅｒｓ ｋｎｏｗ ｎｏｔｈｉｎｇ ａｂｏｕｔ ｔｈｅ ｅｃｏｎｏｍｙ ｏｒ ｆｉｎａｎｃｅ. Ｏ'Ｒｅｉｌｅｙ ｏｎ Ｆｏｘ ｄｏｅｓ ｎｏｔ ｋｎｏｗ ｈｏｗ ｗｏｒｌｄ ｏｉｌ ｐｒｉｃｅｓ ａｒｅ ｓｅｔ ｉｎ ａ ｗｏｒｌｄ ｏｉｌ ｍａｒｋｅｔ ａｎｄ ｔｈｉｎｋｓ ｐｕｎｉｓｈｉｎｇ ｂｉｇ ｏｉｌ ｃｏｍｐａｎｉｅｓ ｆｏｒ ｎｏｔ ｇｉｖｉｎｇ ａｗａｙ ｔｈｅｉｒ ｐｒｏｄｕｃｔｓ ｉｓ ｔｈｅ ｗａｙ ｔｏ ｓｔｉｍｕｌａｔｅ ｐｒｏｄｕｃｔｉｏｎ! Ｔｈａｔ ｉｓ ｂｅｙｏｎｄ ｓｔｕｐｉｄ. Ｉｔ ｉｓ ａ ｐｏｐｕｌａｒ ｐｏｉｎｔ ｏｆ ｖｉｅｗ ｂｕｔ ｓｔｉｌｌ ｔｏｔａｌｌｙ ｓｔｕｐｉｄ. Ｔｈｅ ｍｅｄｉａ ｆａｉｌｓ ｔｏ ｇｉｖｅ ｆａｃｔｓ ａｂｏｕｔ ｗｈｅｒｅ ｔｈｅ ＵＳＡ ｉｓ ｉｎ ｔｈｅ ｅｃｏｎｏｍｙ ｒｉｇｈｔ ｎｏｗ. Ｔｈｅ ｆｕｓｓ ａｂｏｕｔ ａ 700 ｂｉｌｌｉｏｎ ｄｏｌｌａｒ ｂａｉｌ ｏｕｔ ｏｆ Ｗａｌｌ ｓｔｒｅｅｔ ｈａｓ ｎｏ ｐｅｒｓｐｅｃｔｉｖｅ. Ｎｏｔ ｏｎｅ ｎｅｔｗｏｒｋ Ｉ ｗａｔｃｈｅｄ ｔｏｌｄ ａｎｙｏｎｅ ｔｈａｔ ｔｈｅ ＵＳＡ ｈａｄ ｔｏｔａｌ ｆｉｎａｎｃｉａｌ ａｓｓｅｔｓ ｏｖｅｒ 80 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒｓ ａｓ ｒｅｃｏｒｄｅｄ ｓｏｍｅｔｉｍｅ ｉｎ 2007 ｂｅｆｏｒｅ ｔｈｅ ｈｏｕｓｉｎｇ ｍａｒｋｅｔ "ｃｒａｓｈ". Ｔｈｅ ＵＳ ｃｏｎｇｒｅｓｓ ｈａｓ ｂｕｄｇｅｔｅｄ ａｂｏｕｔ 3 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒｓ ｉｎ ｓｐｅｎｄｉｎｇ ｆｏｒ 2008. Ｔｈａｔ ｍｏｎｅｙ ｍａｙｂｅ ｐａｒｔｌｙ ｂｏｒｒｏｗｅｄ ｏｒ ｍａｙ ａｌｌ ｂｅｃｏｍｉｎｇ ｆｒｏｍ ｖａｒｉｏｕｓ ｆｏｒｍｓ ｏｆ ｔａｘａｔｉｏｎ. Ｔｈｅ ｇｒｏｓｓ ｎａｔｉｏｎａｌ ｐｒｏｄｕｃｔ ａｎｄ ｇｒｏｓｓ ｄｉｓｐｏｓａｂｌｅ ｉｎｃｏｍｅ ｏｆ ｔｈｅ ｐｏｐｕｌａｔｉｏｎ ａｌｓｏ ｈａｐｐｅｎｓ ｔｏ ｂｅ ａｔ ａ ｒｅｃｏｒｄ ｈｉｇｈ ｉｎ ｔｈｅ ＵＳＡ ｏｔｈｅｒｗｉｓｅ ｗｉｔｈ ｃｏｎｇｒｅｓｓ ｂｕｄｇｅｔｉｎｇ ｓｏ ｍｕｃｈ ｍｏｎｅｙ ｗｅ ｍｉｇｈｔ ａｌｌ ｂｅ ｓｔａｒｖｉｎｇ ｔｏ ｄｅａｔｈ ｕｎｌｅｓｓ ｔｈｅ ｇｏｖｅｒｎｍｅｎｔ ｗｅｒｅ ｐａｙｉｎｇ ｆｏｒ ｏｕｒ ｆｏｏｄ. Ｔｈｅ 3 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒ ｃｏｎｇｒｅｓｓｉｏｎａｌ ｂｕｄｇｅｔ ｉｓ ｌｅｓｓ ｔｈａｎ 4% ｏｆ ｔｈｅ ｎａｔｉｏｎｓ ｗｅａｌｔｈ ａｎｄ ｐｒｏｂａｂｌｙ ｌｅｓｓ ｔｈａｎ ｈａｌｆ ｏｆ ｔｏｔａｌ ｎｅｔ ｉｎｃｏｍｅ ｆｏｒ ｔｈｅ ｎａｔｉｏｎ. 700 ｂｉｌｌｉｏｎ ｄｏｌｌａｒｓ ｈａｐｐｅｎｓ ｔｏ ｂｅ ｌｅｓｓ ｔｈａｎ 1/80ｔｈ ｏｆ ｔｈｅ ｎａｔｉｏｎｓ ｗｅａｌｔｈ ａｎｄ ｏｎｌｙ ａ ｔｈｉｒｄ ｏｆ ｔｈｅ ｅｘｉｓｔｉｎｇ ｃｏｎｇｒｅｓｓｉｏｎａｌ ｂｕｄｇｅｔ. Ｓｏ ｗｈｅｎ ｔｈｅ ｂｉｇ ｔａｌｋｉｎｇ ｍｅｄｉａ ｈｅａｄｓ ｇｏ ｏｎ ａｂｏｕｔ ｔｈｅ ｃｏｎｇｒｅｓｓｉｏｎａｌ ｂａｉｌ ｏｕｔ ｂｉｌｌ ｆｏｒ ｂａｎｋｓ ｂｅｉｎｇ ｔｈｅ ｅｎｄ ｏｆ ｔｈｅ ｗｏｒｌｄ ａｓ ｗｅ ｎｏｗ ｋｎｏｗ ｉｔ . Ｗａｔｃｈ ｏｕｔ ｔｈｅｙ ａｒｅ ｅｉｔｈｅｒ ｌｙｉｎｇ ｏｒ ｔｏｔａｌｌｙ ｉｇｎｏｒａｎｔ ａｂｏｕｔ ｔｈｅ ｎａｔｉｏｎ'ｓ ｅｃｏｎｏｍｙ! Ｗｈｅｎ Ｉ ｔｕｒｎ ｏｎ ａ ＴＶ ａｎｄ ｈｅａｒ ＣＮＢＣ ａｎｄ Ｂｌｏｏｍｂｅｒｇ ｔｅｌｌｉｎｇ ｍｅ ｔｏ ｓｅｌｌ ｅｖｅｒｙｔｈｉｎｇ ａｎｄ ｂｕｙ ｇｏｌｄ. Ｉ ｔｈｉｎｋ ｔｈｅｙ ａｒｅ ｅｉｔｈｅｒ ｇｉｖｉｎｇ ｔｈｅ ｐｕｂｌｉｃ ｔｈｅ ｂｅｓｔ ｐｏｓｓｉｂｌｅ ａｄｖｉｃｅ ｏｒ ｔｈｅｙ ａｒｅ ｓｔｉｒｒｉｎｇ ｕｐ ｕｎｎｅｃｅｓｓａｒｙ ｐａｎｉｃ ａｎｄ ａｃｔｕａｌｌｙ ｔｏ ｂｌａｍｅ ｆｏｒ ｔｈｅ ｈｙｓｔｅｒｉａ ａｎｄ ｐａｎｉｃ. Ｉ ａｍ ｌｅａｎｉｎｇ ｔｏｗａｒｄ ｂｌａｍｉｎｇ ｔｈｅ ｍｅｄｉａ ｎｏｗ. Ｔｈｉｓ ｍｕｓｔ ｂｅ ａｎ ｉｎｔｅｎｔｉｏｎａｌ ｍａｎｉｐｕｌａｔｉｏｎ ｏｆ ｔｈｅ ｍｅｄｉａ ｂｅｃａｕｓｅ ｔｈｅｙ ｌｅａｖｅ ｏｕｔ ｓｕｃｈ ｂａｓｉｃ ｆａｃｔｓ. Ｓａｙ ｗｅ ｄｉｄ ｈａｖｅ ａ 20 ｐｅｒｃｅｎｔ ｄｅｃｌｉｎｅ ｉｎ ｔｏｔａｌ ａｓｓｅｔ ｖａｌｕａｔｉｏｎ ｉｎ ｔｈｅ ＵＳＡ ｏｆ 20 ｐｅｒｃｅｎｔ ｔｈｅｎ ｉｎｓｔｅａｄ ｏｆ ａ 80 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒ ｅｃｏｎｏｍｙ ｗｅ ｗｏｕｌｄ ｈａｖｅ ａ 64 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒ ｅｃｏｎｏｍｙ. Ｎｏｔ ａｌｌ ｐａｒｔｓ ｏｆ ｔｈｅ ｅｃｏｎｏｍｙ ｓｔｏｐｐｅｄ ｇｒｏｗｉｎｇ. Ｔｈｅ Ｕｎｉｔｅｄ ｓｔａｔｅｓ ｉｓ ｓｔｉｌｌ ｉｎ ａ ｇｒｏｗｔｈ ｐｅｒｉｏｄ ｃｏｍｐａｒｅｄ ｔｏ ｔｈｅ ｒｅｓｔ ｏｆ ｔｈｅ ｉｎｄｕｓｔｒｉａｌ ｗｏｒｌｄ ｓｏ ｓｏｍｅ ｌｏｏｓｅｓ ｗｉｌｌ ｂｅ ｏｆｆｓｅｔ ｂｙ ｇａｉｎｓ ｗｈｉｃｈ ｍｉｇｈｔ ｍｅａｎ ｗｅ ｅｎｄ ｔｈｅ ｙｅａｒ ｗｉｔｈ 70 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒｓ ｉｎ ｎｅｔ Ａｓｓｅｔｓ. Ｉｆ ｗｅ ｖａｌｕｅ ｕｓ ａｓｓｅｔｓ ｉｎ ｅｕｒｏｓ ｔｈｅ ｎｅｔ ｗｏｒｔｈ ｏｆ ｔｈｅ ｃｏｕｎｔｒｙ ｉｓ ｌｏｗｅｒ ｔｏ ｂｅｇｉｎ ｗｉｔｈ. Ｉｆ Ｅｕｒｏｐｅａｎｓ ａｎｄ ｔｈｅ Ｃｈｉｎｅｓｅ ｂｕｙ ｕｐ ｔｈｅ ｗｈｏｌｅ ｃｏｕｎｔｒｙ ｔｈａｔ ｗｏｕｌｄ ｉｍｍｅｄｉａｔｅｌｙ ｒｅ-ｉｎｆｌａｔｅ ｔｈｅ ｖａｌｕａｔｉｏｎ ｏｆ ｔｈｅ ｔｏｔａｌ ａｎｄ ｗｅ ｍｉｇｈｔ ｃｏｎｓｉｄｅｒ ｒｅｖａｌｕｉｎｇ ｔｈｅ ｎｅｔ ｗｏｒｔｈ ｉｎ Ｅｕｒｏｓ ｔｈｅｎ. Ｉ ａｍ ｇｅｔｔｉｎｇ ｔｈｅ ｒｅａｌ ｓｅｎｓｅ ｔｈａｔ ｓｏｍｅｔｈｉｎｇ ｉｓ ｕｎｆａｉｒ ａｂｏｕｔ ｔｈｅ ｍｅｄｉａ ｃｒｉｓｉｓ ｃｏｖｅｒａｇｅ ｂｅｃａｕｓｅ ｏｆ ａｎｙ ｌａｃｋ ｏｆ ｍｅｔｒｉｃｓ ｉｎ ｔｈｅ ｒｅｐｏｒｔｉｎｇ. Ｉ ｒｅａｄ ｔｈａｔ Ｇｏｌｄｍａｎ Ｓａｃｈｓ' ｌｅｖｅｒａｇｅ ｗａｓ 27 ｐｅｒｃｅｎｔ ｈｉｇｈｅｒ ｔｈａｎ ｔｈｅｉｒ ａｓｓｅｔｓ ａｎｄ Ｉ ｆｌｉｐ ｔｈｉｎｋｉｎｇ ｈｏｗ ｏｒ ｗｈｙ ｔｈｅ ＵＳ ｇｏｖｅｒｎｍｅｎｔ ｗｏｕｌｄ ｇｏ ｉｎ ａｎｄ ｔｒｙ ｔｏ ｓａｖｅ ｔｈａｔ ｍｅｓｓ. Ｇｏｌｄｍａｎ ｉｓ ａ ｐｒｉｖａｔｅ ｃｏｍｐａｎｙ ｓｕｐｐｏｓｅｄｌｙ ｒｕｎ ｂｙ ｔｈｅ ｂｅｓｔ ｏｆ ｆｉｎａｎｃｉｅｒｓ ｔｈｅ ｗｏｒｌｄ ｈａｓ ｔｏ ｏｆｆｅｒ ａｎｄ ｔｈｅｙ ｏｖｅｒ ｅｘｔｅｎｄｅｄ ｔｈｅｍｓｅｌｖｅｓ ｔｏ ｔｈａｔ ｅｘｔｅｎｔ? Ｔｈｅ ＵＳ Ｇｏｖｅｒｎｍｅｎｔ ｃｏｕｌｄ ｇｉｖｅ ｔｈｅｍ 7 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒｓ ａｎｄ ｓｅｎｄ ｔｈｅｍ ｉｎｔｏ Ｌａｓ Ｖｅｇａｓ ｔｏ ｓａｖｅ ｔｈｅ ｆａｉｌｉｎｇ ｃａｓｉｎｏ ｃｏｍｐａｎｉｅｓ ｗｈｏ ｈａｖｅ ｓｕｆｆｅｒｅｄ ａｓ ｂａｄｌｙ ａｓ ｍａｎｙ ｂａｎｋｓ ｈａｖｅ ｗｉｔｈ ｗａｌｌ ｓｔｒｅｅｔ ｆｉｒｍｓ ｔｈａｔ ｌｅｖｅｒａｇｅ ｔｈｅｉｒ ａｓｓｅｔｓ ｂｙ 27 ｔｉｍｅｓ. Ｔｈｅｎ ｗｈｅｎ ｔｈｅ ｗａｌｌ ｓｔｒｅｅｔ ｐｒｏｓ ｌｏｏｓｅ ａｌｌ ｔｈｅｉｒ ｍｏｎｅｙ ａｇａｉｎ ｗｅ ｃｅｒｔａｉｎｌｙ ｃａｎ ｒｅｐｅａｔ ｔｈｅ ｍｉｓｔａｋｅ ａｇａｉｎ ａｎｄ ａｇａｉｎ ａｎｄ ａｇａｉｎ. Ｔｈｅ ｃａｓｉｎｏ ｇａｍｂｌｅｒ ｌｏｓｔ ａｌｌ ｈｉｓ ｍｏｎｅｙ ｓｏ ｗｅ ｎｅｅｄ ｔｏ ｓａｖｅ ｔｈｅ ｅｃｏｎｏｍｙ ｂｙ ｇｉｖｉｎｇ ｈｉｍ ａ ｌｏｔ ｍｏｒｅ. Ｉ ｕｎｄｅｒｓｔａｎｄ ｔｈｅ ａｃａｄｅｍｉｃ ｄｅｍａｎｄｓ ｔｏ ｐａｓｓ ｔｈｅ Ｐａｕｌｓｏｎ ｐｌａｎ ｔｏ ｐｒｅｖｅｎｔ ａ ｃｏｎｔｉｎｕａｔｉｏｎ ｏｆ ｔｈｅ ｃｒａｓｈ ｂｕｔ ｉｔ ｉｓ ｎｏ ｓｕｒｅ ｔｈｉｎｇ ｓｉｎｃｅ ｔｈｅ ｃｒａｓｈ ｌｏｏｋｓ ａ ｂｉｔ ｔｏｏ ａｒｔｉｆｉｃｉａｌ. Ｔｈｅ ｗｈｏｌｅ ｅｐｉｓｏｄｅ ｌｏｏｋｓ ａｓ ａｒｔｉｆｉｃｉａｌ ａｓ ｔｈｅ ＯＪ Ｓｉｍｐｓｏｎ ｔｒｉａｌ ｏｆ ｔｈｅ ｃｅｎｔｕｒｙ ｎｅｗｓ ｅｎｔｅｒｔａｉｎｍｅｎｔ ｓｈｏｗ ｔｈａｔ ｗｅｎｔ ｏｎ ｆｏｒ ｍｏｎｔｈｓ ａｎｄ ｍｏｎｔｈｓ. Ｉｔ ｉｓ ｅｖｅｎ ｓｔａｒｔｉｎｇ ｔｏ ｓｅｅｍ ａｓ ｉｒｒｅｌｅｖａｎｔ ａｓ ＯＪ ｗａｓ ｔｏ ｒｅａｌ ｌｉｆｅ. Ａ ｎｕｍｂｅｒ ｏｆ ｍａｒｋｅｔ ｅｘｐｅｒｔｓ ａｒｅ ｔｅｌｌｉｎｇ ｕｓ ｎｏｗ ｔｈａｔ ｏｎｅ ｒｅａｓｏｎ ｔｈｅ ｂａｎｋ ｆａｉｌｕｒｅｓ ｓｔａｒｔｅｄ ｗａｓ ｂｅｃａｕｓｅ ｃｏｎｇｒｅｓｓ ｐａｓｓｅｄ ａ ｒｅａｌｌｙ ｓｔｕｐｉｄ ｌａｗ , ｓｕｐｐｏｓｅｄｌｙ ｔｏ ｐｒｏｔｅｃｔ ｉｎｖｅｓｔｏｒｓ ｉｎ ｒｅａｃｔｉｏｎ ｔｏ ｓｏｍｅ ｆｏｒｍｅｒ ｍａｒｋｅｔ ａｂｕｓｅｓ, ｗｈｅｒｅ ｓｅｃｕｒｉｔｉｅｓ ｗｅｒｅ ｓｕｐｐｏｓｅｄ ｔｏ ｂｅ ｖａｌｕｅｄ ｏｎ ｔｈｅ ｂｏｏｋｓ ｏｆ ａ ｃｏｍｐａｎｙ ａｔ ｗｈａｔ ｔｈｅ ｍａｒｋｅｔ ｐｒｉｃｅ ｉｓ ａｎｄ ｎｏｔ ａｓ ｏｎｅ ｍｉｇｈｔ ｖａｌｕｅ ｔｈｅ Ａｓｓｅｔ ｉｎ ｔｈｅ ｌｏｎｇ ｒｕｎ ｏｒ ｏｎ ｔｈｅ ｂａｓｉｓ ｏｆ ｗｈａｔ ｋｉｎｄ ｏｆ ｉｎｃｏｍｅ ｉｔ ｇｅｎｅｒａｔｅｓ. Ｔｈｅ ｒｕｌｅ ｉｓ ｃａｌｌｅｄ ｔｈｅ ｍａｒｋｅｄ ｔｏ ｍａｒｋｅｔ ｒｕｌｅ . Ｉｔ ｗｏｕｌｄ ｂｅ ｌｉｋｅ ｔｈｅ ｂａｎｋ ｓｅｎｄｉｎｇ ｙｏｕ ａ ｄａｉｌｙ ｓｔａｔｅｍｅｎｔ ｔｈａｔ ｔｈｅ ｈｏｍｅ ｙｏｕ ｏｗｎ ａｎｄ ａｒｅ ｌｉｖｉｎｇ ｉｎ ｉｓ ｖａｌｕｅｄ ａｔ ｔｅｎ ｏｒ ｔｗｅｎｔｙ ｐｅｒｃｅｎｔ ｌｅｓｓ ｔｈａｎ ｉｔ ｗａｓ ａ ｄａｙ ａｇｏ. Ｔｈｅ ｌａｗ, ａｓ ｗｅｌｌ ｉｎｔｅｎｄｅｄ ａｓ ｉｔ ｏｒｉｇｉｎａｌｌｙ ｍｉｇｈｔ ｈａｖｅ ｂｅｅｎ . Ｔｈｉｓ ｌａｗ ｃａｎ ｇｉｖｅ ｃｏｍｐａｎｉｅｓ ｔｈｅ ｌｏｏｋ ｏｆ ｈａｖｉｎｇ ｎｅｇａｔｉｖｅ ａｓｓｅｔ ｖａｌｕａｔｉｏｎｓ ｏｎ ｔｈｅｉｒ ｂｏｏｋｓ ｗｈｅｎ ｔｈｅ ａｓｓｅｔｓ ａｒｅ ｓｔｉｌｌ ｐｒｏｄｕｃｔｉｖｅ ｔｏ ｔｈｅ ｂｏｔｔｏｍ ｌｉｎｅ. Ｌｏｏｋｉｎｇ ａｔ ｔｈｅ ｗｈｏｌｅ ｐｉｃｔｕｒｅ, Ｉ ｔｈｉｎｋ ｉｎｖｅｓｔｏｒｓ ｉｎ ｃｏｍｐａｎｉｅｓ ｌｉｋｅ Ｗａｓｈｉｎｇｔｏｎ Ｍｕｔｕａｌ ａｎｄ Ｂｅａｒ Ｓｔｅｒｎｓ ａｎｄ Ｌｅｈｍａｎ ｍｉｇｈｔ ｃｏｎｓｉｄｅｒ ｅｖｅｎｔｕａｌｌｙ ｓｕｉｎｇ ＣＮＢＣ ａｎｄ Ｂｌｏｏｍｂｅｒｇ ｆｏｒ ｃｒｅａｔｉｎｇ ａｂｓｕｒｄ ａｎｄ ｕｎｎｅｃｅｓｓａｒｙ ｈｙｓｔｅｒｉａ ａｎｄ ｎｏｔ ｐｕｔｔｉｎｇ ａｎｙ ｆｉｎａｎｃｉａｌ ｆａｃｔｓ ｏｒ ｆｉｇｕｒｅｓ ｉｎｔｏ ｐｅｒｓｐｅｃｔｉｖｅ. Ｍａｙｂｅ ｔｈｅ ｗｈｏｌｅ ｆｉｎａｎｃｉａｌ ｓｙｓｔｅｍ ｗｉｌｌ ｃｏｍｅ ｃｒａｓｈｉｎｇ ｄｏｗｎ. Ｉｔ ｉｓ ｂａｄ ｅｎｏｕｇｈ ｔｈａｔ ｓｏｍｅ ｃｏｍｐａｎｉｅｓ ｗｅｒｅ ｔｏ ｂｌａｍｅ ｂｕｔ ｉｔ ｉｓ ｅｖｅｎ ｗｏｒｓｅ ｔｈａｔ ｔｈｅ ｍａｓｓ ｍｅｄｉａ ｓｅｅｍｓ ｔｏ ｂｅ ｃｒｅａｔｉｎｇ ｕｎｎｅｃｅｓｓａｒｙ ｈｙｓｔｅｒｉａ ｓｕｃｈ ｔｈａｔ ｔｈｅｒｅ ａｒｅ ｒｕｎｓ ｏｎ ｉｎｓｕｒｅｄ ｂａｎｋｓ. |
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