Yes, Erin Burnett, the hot biz news talking head on CNBC (also known as Warren Buffett's number one groupie) referred to today's market gyrations as a colonic. Great image, but methinks we may need to shove another finger down our throats. We will feel better. Even the mighty can choke on indigestible gristle.
Who'd have thought "moral hazard" and "too-big-to-fail" would enter the vernacular?
And don't forget, this great country came into being as a debtor nation.
Let's get the politicians out of the banking business; require transparent disclosure; make 'em mark everything to the market and if they can't value something, make 'em mark it to ZERO.