As the market gets shakier and shakier, people wonder more and more what went wrong. All these smart people in charge of the entire economy - less than two dozen people was all it took to bring things to a fine mess - the credit market at a standstill. We now know that even the biggest businesses and the biggest banks were living from paycheck to paycheck. The aura and charisma of success was all just a veneer. I think the biggest and wealthiest American investors will soon start putting their money into Europe, China, and even Russia. How cool is that? As Sir Winston said, "Never have so few owed so much to so many." The Timid Reporter will post his interview of Jimmy Cayne here soon.
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