It's the economy, I feel stupid.
Because I don't understand what has happened, at least not in enough detail to feel comfortable with the bailouts we are pushing through at record speed. My gut reaction is like this reader of Andrew Sullivan:
the administration's proposals continue a process of socializing loss and preserving profits and distributions, many of which were made with full knowledge of the pending losses.
You should read the whole thing. If you feel like you understand any of this, please feel free to enlighten us. Carmen and I are just scratching our heads.