Tuesday subprime reading

For starters, don't miss Eric Fry in today's Rude Awakening, deconstructing Jim Cramer's meltdown on live TV last Friday — and why it may well signal a market rally.

Elsewhere, Daniel Gross remarks at Newsweek's site, "If the containment policy of the Cold War worked as well as this subprime-mess containment policy, we'd all be speaking Russian and living on collective farms."  A not-bad takedown of Paulson, Bernanke & Co., although like most mainstream media types, he's clueless about the root cause — the ever-expanding money supply.

The Daily Reckoning