Go here to see the transcript of a recent discussion between a few respectable economists on what is causing the current financial crisis, what the bill does and if it is likely to succeed, and if not, what should be done instead. I'll comment on what they had to say in the near future.
Also: Russell Roberts, in another article, discusses the government's very large role in causing and precipitating this crisis. A failure of the last 8 years of deregulation? That's a convenient story, except that there has been no major deregulation of financial markets during that time.
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