On Wednesday, Greg Norman chimed in with his two cents' worth on the financial crisis.

He said that the PGA Tour should cut back on prize money "out of respect to every citizen and taxpayer who's suffering dramatically".

Frankly, as someone who was on the receiving end of the financial crisis last December (as well as a recently alleged Ponzi scheme involving my former employers), I can say that if prize money is rolled back at one or all PGA tournaments this season, it won't make a bit of difference to me.

It won't get me another job; it won't make me feel any less resentful towards my former employers.

And quite simply, Norman's wish will come true without any help from the Tour at all.

Sponsors will drop away with increasing alacrity this season; already, we have seen it happen.

And now we learn that Wells Fargo Bank, recipient of some 25 billion dollars in taxpayers' bailout money and the new owner of Wachovia Corporation is dropping the Wachovia name from the Charlotte tour stop in late April.

The event will simply be known as the Quail Hollow Championship. Wells Fargo reasons that it would be inappropriate to stick with the Wachovia name since it no longer exists.

Wells Fargo also said it also sends mixed signals to stakeholders (read "the U.S. taxpayer").

WF is on the hook with this tournament until 2014 but you can bet your bottom dollar - which increases in value every week thanks to deflation - that there is an escape clause that will be exercised shortly.

So, while Mr. Norman is sounding the right note even if he's got it basically bass-ackwards, events will soon accelerate and take matters into their own hands regardless.