Roger Ehren­berg, blog­ging at InfoAr­bi­trage is one sharp guy. His posts are impres­sive and he’s part of this breed of blog­gers jug­gling all activ­i­ties but still man­ag­ing to churn out qual­ity posts at an impres­sive rate (in this case, superb qual­ity at a reg­u­lar pace). Read his post, that will give you a finer grain for read­ing today’s pic­ture. Extracts:

Why Can’t We Admit That…

…Cit­i­group, par­ent of the once-proud Citibank and Salomon Broth­ers, is bankrupt?

…Berk­shire Hath­away is gen­uinely threat­ened by a poten­tial run on its credit, due to con­trac­tual pro­vi­sions in its deriv­a­tives agree­ments that could com­pel it to post more col­lat­eral at exactly the worst time?

…if we are even talk­ing about Berk­shire Hath­away being at risk, then ANY com­pany is at risk of a run on its credit?

…as well-intentioned as those in our Gov­ern­ment might be, that most have no idea of how to address the issues that threaten our national pros­per­ity and well-being?

…any insti­tu­tion for which buy­ing a bank is even remotely log­i­cal will do so to gain access to TARP funds, whether nec­es­sary or not?

…spend­ing on infra­struc­ture to get peo­ple back to work while re-building and upgrad­ing essen­tial ser­vices is a use­ful expen­di­ture of tax­payer funds?

…every­one is scared, from the top 1% of the wealth pyra­mid down to those doing every­thing in their power sim­ply to get by?

Read it all, well worth it.