Just a perfect photo from the NYTimes. There's only so many times you can say the glass is half full before someone points out that's the same thing as being half empty. The absolute madness in the financial industry, the kind of unquestioning groupthink and happy talk that allowed respectable firms to leverage their balance sheets 30 or 40 times over... incredible.
The bubble is bursting right now. Wall Street got drunk, and we're feeling the hangover. Pick your metaphor. It was bound to happen. We just didn't know when.
