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An Inadequate Case for the Bailout

NY Times - Rather than rushing to approve the $700 billion bailout, lawmakers need to examine alternatives. They should look for one that ideally would let taxpayers share in the gains from any postbailout revival, along with the bankers and private investors who will make money if the bailout succeeds. Several ideas have been advanced that Congress should examine.

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Can the Bailout Prevent an Economic Meltdown?

Spiegel - Despite the historically unprecedented bailout package for Germany’s banking sector there are growing concerns that a deep recession is on the way. Will the German government have to put together a rescue plan for the broader economy as well?

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In Praise of a Rocky Transition

Nation, by Naomi Klein - The more details emerge, the clearer it becomes that Washington’s handling of the Wall Street bailout is not merely incompetent. It is borderline criminal.

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The Bailout Plan: Paulson’s Pivot

BusinessWeek - The Treasury Dept. is steering away from the original intent of buying questionable mortgage-related securities—much to the chagrin of Wall Street.

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