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Of all people, George Will said something on a Sunday news show that might resolve a lot more than just the greedy Wall Street behavior. Will said (paraphrasing): without a severe, terrifying deterent there will be moral hazard because they will not care about the risk they take. Isn't that true of all the problems we see today? Kids have no terrifying deterent to burning, raping and killing each other. The Supreme Court ruled today there will be no terrifying consequence for the monsters who make videos of animals being tortured and killed. And, of course there has been no consequence for the untold greed and irresponsible behavior of the financial fat cats. We are however seeing Karma all around us. And, no doubt, America will go the way of Rome and collapse, probably sooner than later. If not decay from within, then surely another form of Karma will get us; something we unleashed on the world will come back to haunt us--nuclear weapons.
But don't let me end on a downer. That plume of volcanic ash is probably the most terrifying warning of all. Just Mother's Nature way of reminding us (the humans) we do not have dominion over nature.