Well, the currency markets appear to have spoken.

[randomness]

And they don't like the plan for bailing out the GSEs.

The euro is up to $1.60, the pound is back over $2, the loonie is back over parity, the swissie is only a whisker below, and the aussie is over 98 cents.

Comments

[koshmom.livejournal.com]

Did you hear what the shrub just said?

"It's been a difficult time for American families," Bush said at a news conference. "We must ensure we can continue providing credit during this time of stress."

Yes, get American families to dig themselves even deeper into a hole, but don't do anything to make the hole shallower. If anything, make the hole larger because you've just made it easier for them to fall further into it.