Welcome to the April 1, 2009 edition of financial crisis.

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I find it frustrating that the government, while trying to help, continues to encourage the process (credit and more debt) that ultimately led us to where the financial system is today. Perhaps the system is broken?

I also continue to see how thing swings from one extreme to the other. The pattern appears in many areas of life (politics, economy, etc). Banks loaned with moderation, then pulled out all the stops, and now are afraid to loan.

I have to stop and wonder why few, if any, look down the road and extrapolate their actions. I first thought of this with the Ponzi (or pyramid) schemes in the news. At some point these things come to a painful end, no? Was it easier to think some other poor soul will have to figure out how to keep this working, as the risk was passed to another party?

We can estimate the result of compound interest with our investments, but apparently not give second thought to causing what unfolded? An indication of shortsightedness?

I hope and think that we can all learn from this.