"Faith-based investing" and total economic collapse

In looking at the various instances of bad economic news over the last few days, I've been struck once again by how the supposedly rational, logical, God-forbid-we-regulate-it-because-it-works-fine-on-its-own free market is driven by the very human fears, frailties, and stupidities that govern so much else of human life. These are perfect examples of what I like to call "faith-based investing," the belief that somehow you'll be able to...