David Ignatius - Wall Street Bank Run - washingtonpost.com
Ignatius does an amazingly concise job of summarizing the problem in the Credit market right now. Banks aren't trusting each other and valuing a grouping of 10,000 home loans is near impossible. Further, the bail out is coming from the sovereign wealth money.
What I want to know is what do we think happens next? Naturally all speculation, and I think the American Economy will remain the most resolute innovative actor in the globalized marketplace, but boy, there is a lot of money in these credit markets.
