Degrees of Incompetence
The best part of the Lehman bankruptcy announcement is that it gives us a good indicator of just how bad this financial crisis is:
"Lehman was only incompetent enough to blow up and destroy themselves, where as Bear's degree of incompetence was enough to threaten the entire financial system,"
Now major collapses have to be sorted into categories. I offer this system for your approval:
Paticle Accelerator: Possible lack of effects, also possible end of universe. Definite job and income boost for those involved.
Texas Rangers: Expected, doesn't affect anyone outside the bank
Dallas Mavericks: Partially due to foreign and regulatory problems
New York Yankees: Formerly dominant team/company collapses under the weight of its own hubris
British Empire: Hubris threatens world order but ends up being not such a huge deal
Roman Empire: Causes collapse of entire civilization