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BILL MOYERS: Welcome to the JOURNAL. The news this week drove us to pull THE GREAT GATSBY off the bookshelf and read what F. Scott Fitzgerald wrote of his protagonists, the Buchanans: "They were careless people, Tom and Daisy — they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made."
TREASURY SECRETARY HENRY PAULSON: We must now take further, decisive action to fundamentally and comprehensively address the root causes of our financial system's stresses.
BILL MOYERS: The news caught everyone off guard, including my colleagues and me. For technical reasons we had to record our broadcast last night, with guests who have a deep understanding of the big picture. We decided to go on with the broadcast even as the news continued to pile up, because of the light our guests shed on the roots of the crisis.
Gretchen Morgenson writes the MarketWatch column for the Sunday NEW YORK TIMES.
Floyd Norris is the paper's chief financial correspondent.
Welcome to the JOURNAL.
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