"Fed's Warsh: Fundamental Reassessment of Every Asset Everywhere by CalculatedRisk "

Via Calculated Risk, something close to what I've been saying:

"[Policymakers] should be steady when financial market participants are fearful, and fearful when markets appear steady."
Governor Kevin Warsh, Nov 6, 2008

Yes, the Fed was not properly fearful when markets appeared steady."

Here's me:

"Again, it’s like value investing. The place that you should really be scared and focus on regulations and moral hazard is during the good times. It must work for some, because value investing has worked well for a lot of serious investors who manage to survive crises and even make money during them."

And something I said as a serious joke:

"... I would advance the following: We are witnessing a fundamental reassessment of the value of virtually every asset everywhere in the world.
emphasis added"

Wow.