You know what's scarier than the news of "by far the largest bank failure in American history"?
When I flipped on Morning Edition this morning, it wasn't the top story. The program kicked off with efforts in Washington to address the financial crisis, then segued into the WaMu story: Speaking of the economy, a bank you've actually heard of failed overnight ...
I'm not slamming NPR's news judgment. I totally believe that compared to the wacky will-they-or-won't-they drama in Washington yesterday - especially considering its potential effect on the debate tonight, not to mention the fact that $700,000,000,000 is at stake - the failure of one more major U.S. financial institution could be considered less newsworthy. I mean, by now it's basically business as usual, right?
Which is why it's scary.