Merrill Lynch reported a $4.7 billion loss last quarter. IndyMac was seized by federal regulators. The U.S. government is bailing out Fannie Mae and Freddie Mac. But this isn’t the worst news. No, this doesn’t even register when viewed in light of the real bad news. The Coca-Cola Company’s second quarter net income fell 23%! I may have to make a very large purchase of Diet Coke to bail them out. I assure you this fall in their profit was certainly not because of me. I keep them in business!

I’m not sure how to weigh in on the current state of the economy. I’m not an economist, but I’ve been reading quite a bit and I’m pretty firmly in the pro-globalization column. If the crisis in the United States means than more of our companies are owned by foreign companies, then some good may have come out of this ordeal. In the meantime, I suppose I’ll just have to put my trust in the United States Department of Treasury, of all places.

In the meantime, I hope your money is safe! If they’re not, I encourage you to make yourself feel better by pouring yourself a Diet Coke. It’ll make you feel better!