but it rhymes. Apparently, this has been anticipated for some time....

[ ] Very tepidly voting for Obama [ ] ?????. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.

economy. Who knows how long it will take for our tattered economy to unravel but it won't happen soon enough to make it a major issue of the campaign. I fear that this costly mess will jeopardize the future of social security leaving it open to privatization by our next president. Please tell me I'm wrong.

I love this job!

Poorly set up main page doesn't allow individual links here. Summary of Krugman:

Government guarantee is implied and expected so what's happening now is not a surprise and the sky won't fall. Moreover, private-label securitization were the reckless ones over the past few years, not F&F's prime business. F&F are however exposed to falling house prices and prime borrowers walking away from their houses or losing their jobs in large numbers--> GSEs not capitalized enough for this scenario, taxpayer will have to pay as always in crisis situations.

No, the sky won't fall. It will just slowly get close and closer. Sort of a pit and the pendulum concept.

[ ] Very tepidly voting for Obama [ ] ?????. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.

The economy is going to get slowly worse, but the questions seem to be if there will be an official panic, what will set it off, and will a depression follow? I think the answer to the last question is "no", but I don't even want to guess if or when a panic will occur.