Wednesday, September 24, 2008



And at a minimum, before shelling out for a new bailout it’d be nice to see something about how the previous bailouts are going.

One reason (there are dozens!) not to simply give Hank Paulson's golfing buddies $700 billion with no strings attached is that it precludes any possibility of measuring whether this action is a "success." There should at least be some yardstick. It'd be nice to establish so that it can be used for the inevitable General Motors bailout, too.