After my previous article on the financial meltdown, after doing tons of more research (well not really), and using all my finance knowledge I have acquired (hey, the new bailout chief is a 35-year old Wharton 2002 alumni, so I can't be that far behind), I have narrowed down the financial meltdown analysis to the picture below. I don't think anything else describes it better, and that is supported by the sum of my finance knowledge. As the financial boys used to say, leverage baby!
Well, leverage is all good, until you pull that one card out from the bottom. And then we have what we have today, with governments all over the world trying to plug a card here and a card there back into the house of cards. I suspect they will get the wobbly structure standing again sooner or later. Until the next time when someone else pulls a different card out.