Some Crises are More Equal Than Others, I Guess


While there appears to be at least some skepticism regarding how effective efforts to mitigate the fallout from the mortgage crisis will be, I find it nonetheless instructive: when the particular ox being gored happens, via the miracle of collatoralized mortgage obligations, to be owned by large institutional investors, well, government will at the VERY least step to the plate with something...and will probably step back up with even more if the initial efforts flag.

But when it's a mere homeowner--or renter--caught in the vise, Team Bush can't slam on the brakes fast enough--or worse.

In fact, for some, the only REAL assistance has been coming from...Brad Pitt, from whom Team Bush could learn a lot.