Emily pointed out that Cass has a lot up at Villainous Company about the bailout. In her post I found this insight from Jim Manzi:

I’m not sure how many people realize how close we were to the wheels coming off at about noon yesterday, as major commercial-paper processing banks like State Street lost 30% – 60% of their value in about 2 hours. Want evidence: When was the last time you heard of the U.S. government identifying a problem, developing a multi-hundred-billion-dollar program and announcing it within about 48 hours?

Does anyone else feel sick to their stomachs? Especially when you read the last line of Cass' post?

If after all this, you are somehow trusting in the rationality of your fellow citizens, may I direct your attention to lemming-like behavior in the face of a non-crisis which nearly brought our entire financial system to its knees and this utterly inexplicable reaction.

Your fellow voters are about to vote you more "affordable housing". It's like deja vu all over again.

Posted by: Sarah at 05:24 AM | Comments (2) | Add Comment
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