I woke up this morning to hear the end of a seemingly pleasant tete-a-tete between Mark Zandi (of Moody's Economy) and Robert Reich (currently at Berkeley). The statement that stuck in my mind came from the mouth of Zandi; he said "I don't think there's any other issue that policymakers face that is as difficult as the current housing foreclosure crisis."

Ummm ... wrong.

The foreclosure crisis, while difficult to solve, is a piece of cake compared to the global climate disruption crisis. Foreclosure causes are known and relatively transparent, the players involved all want the thing solved, the only questions remaining are what the best course of action is and who's going to get rich along the way. (Sure, all the press is about how people are going broke. But it's just not possible to throw around hundreds of billions of dollars without creating some real wealth in the process. General Electric has figured that out. I'm sure others have, as well.)