Meltdown

Boy, the financial industry appears in total meltdown right now. First Bear Stearns, then FannieMae and FreddieMac, now Lehman Brothers, Merrill Lynch, and AIG. Who knows what the future holds. It's all the horrible fallout from the real estate bubble, or as Atrios descriptively calls it, "the big s--tpile." The apparently worsening crisis fits well with my instinctual pessimism, so I can't say I'm shocked or surprised. I just hope Apple isn't hurt too badly.