I’m of the mind that some of the Wall Street shake-up happening now due to the housing bubble is probably going to be a good thing in the long run. Wall Street needs to be more accountable and honorable in its dealings. So it’s a bit of money karma that stalwart firms are going down right now: Lehman Brothers has shut down, and Merrill Lynch was barely rescued by Bank of America.

Banks are also a bit unstable right now; I’m glad that my bank, Wells Fargo, did not engage in mortgage speculation.