The following is quoted from Feb. 4, 2009 posting on THE MARKET TICKER by Karl Denniger in an article entitled TO OBAMA: Confidence Levels Critical.
"We have no real way to know because "the truth" keeps changing.
That's the root of the problem when you get down to it, and now this has gone beyond "Wall Street" and speculators who are either shorting or buying these stocks - it is seeping into the consciousness of Americans, who apparently are deciding they'd like some physical cash in their hands - whether that's rational or not.
See, we have a problem in this country. We want to keep believing that it was all a mistake that led us into this mess. That there really wasn't systemic fraud and intentional, willful blindness up and down the line."
One of my coworkers attended a funeral recently for an elderly man she had met through her church. About a year ago the man's wife died. Sad and alone the new widower welcomed a young stranger into his life. The younger man told his hard luck story to the older man who was sympathetic. Having no children of his own, the older loaned the younger money. Offered him a place to live. Eventually lost most of his money. And died alone. The young man moved on and could not be prosecuted because the older man had willingly "shared" what he had.
LESSON: Trust is meant for the trustworthy. Be trustworthy. It is a gift to those who depend on you.