This morning on TV I saw Senator Chris Dodd (D-CT) and Senator Richard Shelby (R-AL), the chairman and the ranking member respectively of the U.S. Senate Committee on Banking, Housing and Urban Affairs. They were making agreeable noises together about taking action regarding the current financial crisis, and I must frankly say that it sent a deep cold chill down my spine. This kind of bipartisanship only arises of out white-knuckle fear. It’s a measure both of how deep they believe the crisis really is and the extent to which the federal government might do just about anything in order to deal with it, or at least to be seen to be dealing with it. Watch out.

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