We do not need to be overly concerned about present rates, it is clear. We do not know what future rates will be, if there is a worst-case scenario, and these rates are going to be cumulative. And part of the problem is with perception..we just do not know what will happen or what the long-term effects will be.

We know a couple of things...there is no truth beyond what can be forced out of them. There is some sort of ingrained paralysis, and the head honchos seem incapable of getting the next situation prepared for even as they deal with the present one. Why have they waited until now to order spare parts and new generators? Would that not have been among the first things they did? They need outside expertise it is obvious. They need to be told in no uncertain terms the world does not trust their honesty or their mechanical comprehension or geological information if they could not figure out a big tsunami was coming, as every school child on west coast of US knows.

One good thing to come from this, as came from the banking fiasco, is that the wizard of oz has to come out in the open and defend his or her behavior. And there is not just incompetence that will be exposed but layer upon layer of corruption. mg