The CEO of Wachovia just resigned. More as I learn more; it just came across BBC News, which, well, doesn't really care. First thought however is that this is actually sort of beautiful to watch, not because I have anything against Ken Thomson, but because the market is working without anyone but the participants ordering it to correct itself.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.