Consensual Reality and the US Economy: Is it time to Hit The Big Red Panic Button?

Best Quote I've seen about the latest financial news:
"Talk to the Invisible Hand, Wall Street!" -- US Government to Lehman Bros request for a bailout.

About fscking time somebody realized that there isn't enough money in the entire world to pay for all the funny money crap, with all these bailouts and nationalizations (Franny Mae / Freddy Mac -- where the fsck fo they get those strange names?). As a result, a lot of people are going to take in the shorts. Hard.

I'm one of those folks who has suffered loss because the market's suckage, or more accurately, would if I sold the shares in my 401k today. Yep, it's all market values, what can you sell it for right now. My losses are all on paper, though. I haven't lost a home to forclosure or a job to layoffs.

In the end, the market is all about trust, agreement, consensual reality and magickal thinking. Money exists because we say it does, markets exist because we will them into existence to meet needs and agree on the details.

Now, of course, that belief is being undermined. The Guvmint has tried to counter that loss of faith through bailouts . . . but the days of bailouts are coming to an end. They have to. Every bucket has a bottom.