Much like the recent hue and cry for assistance for those with subprime mortgage woes, I can't help but wonder if much of the market volatility of late has been contrived to pressure the Federal Reserve into reducing interest rates even further. A threat, if you will, to hold the economy hostage until the Fed relents and provides an indirect bailout via fluid credit.
And where were the risk management departments when CDO's packed with subprimes were going around? For several years we've been hearing about the vaunted risk management strategies employed by some of the largest financial institutions. It even became a career path, for
Either way, it's called "risk" for a reason. Mitigate it via legal & ethical means, not an indirect bailout.