And it's going to get worse until Obama stops sucking up to the banks and/or grows a pair. Step 1: fire Geithner and Summers.
Is there anyone left who thinks any of the bank rescue plans has any credibility? Krugman explains it well in today's NYT.
But left/right/center doesn't matter - everyone with a brain in their head thinks that receivership (temporary nationalization) for insolvent banks is the way to go.
posted by: alex
That's not enough, we need a majority.
Posted by: Cyrus