The global financial pandemic

Economic Cloverfield has gone global and King George set out the reassure the markets this morning. The markets responded by tumbling down the rabbit hole as the Dow dropped another 700 points and fell below 10,000. This particular evil is rooted in the reluctance of banks to give out their money. As the Dow went, so went the rest of the world. And the European Union has seized up politically, with nationalism trumping a united front. But the EU isn't even competent to address the financial crisis to begin with, and some members are being hit harder than others. The current crisis may even drive one European nation into the EU. Iceland is being slammed by the current crisis, the krona's value is plunging and Iceland may not be able to bail out its banks. Meanwhile, Richard Fuld, the former head of Lehman Brothers is the first sacrificial lamb to be slaughtered on the Senate floor. While taking full responsibility for Lehman's failure, he also blamed his butchers, the bakers, the candlestick makers and the Soul Train Dancers. A poll shows that more than half of Americans think we're heading for a depression. It's not a stretch to think that King George has failed to reassure anyone.