Here's how the President, the media and Wall Street would spin it:
Al Gore: That iceberg wouldn't have even been there if the polar caps weren't melting.
The Congressman: Quick, let's pass a new law that says ships shall not sink.
President Obama: The Titanic isn't sinking. It's merely engaged in "aquatic action."
Former President Bush: Icebergs are weapons of mass destruction planted in the ocean by terrorists. We must avenge the iceberg terrorists!
The Federal Reserve: We have decided to dump more water onto the ship in the hope of making it float.
Be sure to read them all here