Some Say in Fire

As McKenzie Funk’s report [“Too Big to Burn,” October] reminds us, it was hard not to connect the conflagrations on Wall Street with those in southern California, the meltdown of 401(k)s with that of the street signs at Sylmar. The spark of a credit crunch leaped over fiscal firewalls and spread across the economic landscape, much as relatively small blazes blew over I-5 and threatened the power supply of Los Angeles. The general destruction moved upscale, so that trophy homes burned along with trailer parks, and hedge funds along with day traders. The entire system, it…