...Now the government has the reins. It remains to be seen whether or not they know how to ride.

There are a lot of real smart folks in The Arena who know a helluva lot more than I do about the stress tests and whether or not they worked. I’m not about to match my public school and land grant university education against their analysis.

From where I sit, the reason that banks and other financial institutions got into trouble was because they encouraged folks to take on either debt they couldn’t afford or debt that was secured in the false belief that the value of their homes would keep rising as far as the eye can see. And too much debt doubles the weight on your horse and puts another in control of the reins.

Well, now the government has the reins. It remains to be seen whether or not they know how to ride.

As far as being distressed, it’s going to be a beautiful Mother’s Day weekend so go out and enjoy it. And as my late ranch-raised Mother used to say, “Son, don’t worry too much about something you can’t do much about”.