Bankruptcy freezes assets. In world of high velocity transactions that's devastating ... 36 Hours of Alarm and Action as Crisis Spiraled - NYTimes.com.
Great story. I imagine an immense engine where the oil has run out. In a few moments it blows.
I wrote earlier about firewalls. This is one. We ran too close the edge, sacrificing safety for efficiency and speed.
Just like a race car.
A little too far ... blow the engine.
Our core financial system should be a Honda Accord, not a race car.