Does anyone find it ironic that the thing that got the economy into this mess was irresponsible borrowing (and lending) en mass at a personal level and that the solution is large-scale borrowing (en masse through the government) to get out? I’m pretty uneasy about all of this, it’s like Monopoly money – there is no connection to reality. A $1,750,000,000,000 ($1.75 trillion dollar) deficit, really?

I wonder if a better, more sustainable solution is to work through the balance sheet of every bank with more than $1B of “assets” to determine what the real asset value is and balance that against the liability and then simply to do some sort of mass “reset” to get assets linked to something tangible and physical.

At core, this crisis is about trust or lack thereof. If entity A asks for a loan from entity B, how can entity B know that entity A’s assets and credit worthiness isn’t based on air? I fail to see how the present plans proposed by the Obama Administration or the objections raised by the loyal(?) opposition Republicans address this issue.

I’m very, very concerned.