Today’s Wall Street Journal carried the latest in the sad saga of companies that no longer want to manange their own businesses or accept the consequences of cause and effect.

Let’s face it. The whole sorry economic mess we’re in right now was created by speculation, so when speculators suddenly bemoan the fact that they can’t get loans or investment dollars, well, hey, guys, welcome to the world of total distrust that you created.

I’m referring to the commercial home builders who are now worried that their "precious" (taken from J.R.R. Tolken) office buildings, apartment buildings and edifices of excess might now be claimed by the banks because they can’t get loans to refiance them. Therefore, the logical conclusion is for the federal government to fork over $250 million or thereabouts. (Maybe it was billions. I can’t recall, but the sum doesn’t matter. The inclination and cop-out do.)

I’ve got a plan. Congress should pass a bill proclaiming that every company and every person in America is officially bankrupt and all their debts have been wiped out. Then we can all start over again.

Oink, oink.