Victor David Hanson on the crisis in Wall Street and on the way people behave in general these days:

How odd that all those boring lessons from our grandparents turn out to be true in the globalized, hip 21st century: Save your money. Don’t borrow what you can’t pay back. Look first at a man’s character, not his degrees. And if a promised return on an investment seems too good to be true, it probably is.

I post this a bit with a smile, but there’s certainly truth to Hanson’s words.