I've concluded this is the appropriate metaphor for the mess the economy is in. The financial geniuses who have been running things, more or less unconstrained by any regulation whatever, developed a set of "tools" that they thought would allow them to hand off risk to other people. They didn't think through all the possible scenarios, and a worst-case scenario has occurred, and now they don't know what to do. See the parallel with Mickey and his brooms??
I'm not sure I want to go so far as to say that Hank Paulsen is the Sorceror, who will step in and wave a wand and make it all go away. I don't have that much faith in Mr. Paulsen.
I have a recommendation, however, for anyone who wants to understand how we got here. I don't normally listen to Ira Glass' This American Life. Today, however, they had a full hour program, Another Frightening Show About The Economy, which I recommend to anyone who wants to understand why that $700 billion bailout may really have been necessary. You may have heard the term "credit default swap"? This broadcast has the clearest description of credit default swaps, why they exist, and why they are a problem, that I've ever heard; and I worked for a major bank. There's also a solid description of the commercial paper market and why that is also frozen.
It'll take an hour of your time. It's worth it. They did a show in May called Giant Pool of Money, explaining the subprime mortgage mess, which I also plan to listen to, and they're putting out a daily podcast on the mess, Planet Money, which I think I'll add to my list as well.