Told you so

No one likes an "I told you so", and for the past two weeks we've got to hear it from the European bankers. We had to hear about how their superior regulation and central control led to their advantageous position going into the credit crisis. Today, it was revealed that they have leverage ratio's similar to the Wall Street investment banks, and in excess of the American commercial banks. If their central banks don't act with prompt and pervasive action, they'll be joining the ranks of Lehman and WaMu. You really have to hate it, but now is the time to grab the finger pointing "I told you so'ers" and turn their hand back around and jab them in the eye. Good luck to the heavy handed regulators and socialized governments in finding resilience in their institutions, they're going to need it.