the market fails. the bullshit on bear street piles higher, flowing into the drinking water. So, the big fall today is all Washington’s fault. Sounds like blaming the fire department for the fire you started in your kitchen when you poured the Chivas onto the foie gras.

I am with those that say let it all fail. I have learned much from the conservatives. It will be much better after the fires, after the riots, after the reset. Oh, but it won’t come. Why? Because the market can fix itself. The elves of wealth are full of ideas. Isn’t that what the marketeers say? Isn’t the econocaste able to deal themselves into or out of any hand? Wealth is the measure of intellect (a widely held precept). Let the wall streeters wealth their way out of this.

I know that will not happen. Instead they will cry out. Call for help. They always do, these spoiled children. Spoilers of the water. Wall street’s sewers are maintained by main street plumbers. It is the american dream. Maybe if we put out the fire using their sewage, this time the smell would last, would teach. We won’t. They won’t.

Wall street, the market, will not solve this problem. They don’t yet know what they have built. They can’t understand it, they did everything they were supposed to. What did we do that was wrong?

Only sewage trickles down. Trickles down until it backs up. Looks like it’s your turn now at the pump works.

As the big banks fail, we learn the truth to trickle down. Failure always crushes those at the bottom. Crushes them first, more, and longer.

Let us suppose that you are a very cash rich person, but cautious. You have several hundred thousands of dollars in savings. Lucky, huh? You have put this money into several FDIC banks, making certain to keep under the 100K limit. With each collapse you feel nervous, yet comforted that the government stands behind the market. It is after all government money, remember you aren’t permitted to print your own. Soon though you realize that there aren’t many big banks remaining. Your distributed strategy seems to be collapsing too. As two banks become one, what happens to your formerly separate insured accounts? Wachovia and Citi, like amoeba, or jelly fish bobbing in the Chesapeake.

With each collapse you have fewer insured choices, and for a time uncertain, you may have account totals above the FDIC limit. Step quickly. With the Newt’onians afoot in DC it may be time to check out those overseas banks. If you play the game, know the limits of the board. This game is being reset, and not to your advantage. The theory is flawed. System Failure is the only guarantee.