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What’s Worse Than a Flawed Bailout?

NY Times - The question now is whether the stock-market plunge that followed the House’s failure to lead — and a renewed credit freeze — will be enough to get the 133 Republicans who voted against the measure to change their minds. And, more important, whether the damage that the no vote has inflicted is readily reversible.

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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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Eastern Europe - Who’s next?

Economist - The economies of eastern Europe face stormy times, even if Western banks hold their nerve. The political fallout may be even worse.

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