Many on Capitol Hill--especially Democrats--are buying the general premise of the White House plan but insisting on lipstick-on-a-pig modifications involving CEO compensation, taxpayer protection, and oversight and transparency. But are there other approaches to the problem besides putting the Treasury in charge of a $700 billion fire sale? Yup. Full Story »
Posted by Derek Hawkins
A well-sourced blog which points out five alternatives to the now-failed bailout plan proposed by Paulson/Bush. The alternative plans themselves also fail to inspire, but the article hints at another solution - thinking before acting. Since this is not likely under the Bush administration, Americans will probably end up with a cobbled-together bailout somewhere down the road that features the worst of all proposals put forward.
