Thought of the day "Eco-virus"

Unlike past modern day recessions which were a system-wide response to A) Industrial overcapacity and or B) Excess inventory, the current crisis is very similar to a computer virus that infects one nod of the system and then spreads like a plague.

I think the critical elements of the Eco-virus are:

• Fundamental Failures of Market Structure Due to the Rapid adoption of trading technology
• Regulations like SOX, SHO,NMS, FASB 157 and 123 that have closed capital markets and have destroyed value though system wide chain reactions.
• The inability of regulations burdened by the new rules to fundamentally regulate.
• The failure of the US Treasury Department to fund the TARP program which would serve as a firewall to other ABS securities and allow market values to approximate intrinsic values.