There's plenty more worth reading in Pearlstein's column. But here's the unsettling conclusion: "This may not be 1929. But it's a good bet that it's way more serious than the junk bond crisis of 1987, the S&L crisis of 1990 or the bursting of the tech bubble in 2001."
http://www.cbsnews.com/news/the-aaa-meltdown/
