Dig hole in sand, insert head

Make sure you don�t miss today�s Debt Rattle, April 16 2008: Witnessing madness Ilargi: I thought this description in the WSJ of Merrill Lynch�s tactic of �when in a hole, keep digging� (you might end up in China) is worth more than a few lines. If Merrill has good friends at the Fed, they�ll be salvaged. If they do not have such connections (Bear Stearns didn�t), they�ll be sacrificed and