situation. >> after bear stearns collapsed, most people thought we dodged that bullet. there was debate and criticism of the government stepping in. the sense was, it was a ripping, not a bombshell. >> no question about it. wall street got drunk. i should ask them to turn off the tv cameras. it got drunk and now there's a hangover. the question is how long will it sober up? ♪ ♪ ♪ raindrops on roses and whiskers on kittens ♪ ♪ bright copper kettles and warm woolen mittens ♪ ♪ brown paper packages tied up with strings ♪ ♪ these are a few of my favorite things ♪ ♪ ♪