Bear stearns being in trouble is probably just what we need. If it collapses I believe the market will say thank goodness, at last some one to blame, now lets move on.
Part of the whole problem with sub prime etc is that no one really knows who holds the assets (or liabilities) as there has been so much "clever" financing ( repackaging loans etc).
Having a bank collapse at last gives the market someone to blame.
simplistic I know , only my thoughts. comments welcome
