Bailout aftershock

Well, I guess it really can't be an aftershock since we haven't had a bailout yet. More accurate would be a financial collapse aftershock. This from Kevin Drum:

UPDATE: And then there's this:

"A lot of those people will have to sell their homes, they're going to cut back on the private jets and the vacations. They may even have to take their kids out of private school," said [Robert] Frank. "It's a total reworking of their lifestyle."

...."It's going to be very hard psychologically for these people," Frank said. "I talked to one guy who had to give up his private jet recently. And he said of all the trials in his life, giving that up was the hardest thing he's ever done."

Anybody got a tissue? I think I may start crying.

He talks earlier in the blog of a growing number of people against the bailout and suggestions that would shore up the ailing world of finance without actually taking over a bunch of bad loans. Like, for instance, buying shares in the affected corporations. Interesting times we live in...