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Wednesday, September 24, 2008

It's bailout week here at the blog.

Compare and contrast:

William Gross' what's-in-it-for-Main-Street essay


John Avlon's Questioning King Henry [Paulson] skepticism.

My late father-in-law was fond of saying "The only thing you do in a hurry is screw up." I'm starting to lean towards the skeptical view. Please note that Warren Buffett just plopped five billllyun [Dr. Evil voice] dollars into the market. Unless he's turned instantly senile, things can't be on the verge of annihilation. In dire need of reform and repair, yes.

Financial Armageddon, not so much.

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