stearns right now, is this just the beginning? >> our financial institutions are very strong, and i am convinced they are going to come out of this situation very strong. our markets are resilient, flexible, and i'm quite confident we will work our way through the situation. >> after bear stearns collapsed, people thought, we dodged that bullet. the sense was, it was a rip, not a bombshell. >> no question about it. wall street got drunk and now it's got a hangover. the question is how long will it sober up?