Bank Failure

I'm quite a bit too young to remember the last time we had major banks failing in this country and I'll admit that it's pretty unsettling. Brad DeLong gives me some confidence that the appropriate people have the tools and judgment necessary to prevent things from getting too bad. But who knows -- I'm kind of an optimist by nature, and optimism hasn't been paying off well lately.

This article available online at:

http://www.theatlantic.com/politics/archive/2008/07/bank-failure/49242/