The wrong intervention

Paul Krugman argues that the administration is proposing the wrong intervention: rather than trying to deal with the bad assets on too many banks' books, we should be ensuring that they have sufficient capital to begin lending again. He calls the administration's proposed legislation "unacceptable." (I voted "no" on this proposal a day earlier. ;-)

Make sure your representation in Congress knows what your priorities are as they go to work on crafting final legislation. (Senate, House) Time is of the essense, as they say...