The short answer is no —interview of Stephen Roach, Morgan Stanley Asia Chairman.

A nice chart on the sheer magnitude of government bailout during this financial crisis —206 years versus 12 months. Total cost: ~$15 trillion and counting . . .

(click to enlarge; graph courtesy of Big Picture)

Note: I am not sure the graph has taken inflation into account. But in any case, the current government bailout is enormous.

Inside story of the two banks at the heart of the current financial crisis: Merrill Lynch and Bank of America, from my favorite Frontline of PBS. Highly recommend.

With credit crunch over (I assume), it’s time to review what we have been through:

(click to enlarge; source: Gluskin Sheff)