I’m hardly alone in being fascinated by the current financial tumult; all these mortgage-backed financial instruments, and nobody really knows how much they’re worth. If there’s good news, it’s that the immediate short-term bloodletting will mostly involve high-roller investors, hedge-fund customers, those best able to afford it. Will it spill over into the broader economy? My personal bet is probably not. But anyhow, I don’t have anything new to say on the subject. I think Bram Cohen does, though.