re: #13 Obdicut

They don’t know that, but they’re busy creating even more complex financial instruments, setting up yet another meltdown. Saying that they’ve become risk-adverse is untrue.

Evidence?

Again: What will reduce the risks? If private industry can’t be counted on to stabilize the markets, do you understand you’re implicitly calling on government to do so?

In the matter of the European risks, I don’t think there is much the US can do. We pretty much have to wait in the doldrums for things to be sorted out.

For the remaining housing problems? Yes, that may require government action. I don’t like that idea, but it may not be avoidable.