Snippet:

"The fact that virtually no one is willing to address this issue or include it in the discussion of how to insure we don’t have a Second Round of the Crisis only confirms the fact that no one has a clue how to resolve this situation."

Comment:

I agree.

Most financial "experts" come across as optimists, in order to attract clients. If they give pessimistic views in one area, they offset with optimism in another, just to keep the $'s coming in.

Bankers are no different. They are all looking to expand their client base, and are willing to ignore the "Downside" as long as the market put money onto the bottom line.

Suggest if you cannot be "Prudent", you have no defense, hence the mess the financial (and us as individuals) market is in.

There is no easy way out.

Good Luck to all!