The fundamental problem we're facing here is not some sort of short-term loss of confidence or short-term loss of liquidity as much as it is the fundamental problem of we need to work ourselves out of this huge housing bubble.
That's for all the reasons discussed in my previous blogs on this, including the basic problem that the public might not be able to workout what on earth the Bank was up to.
What we need is for the true scientists to come out and be allowed to work on these zero-point energies that will solve this scarcity of energy problem once and for all.