Wondering About The Financial Rescue Bill?

Notice that I do not use the word bail-out, which is a highly misleading and inflammatory description of the bill. In my opinion, it should pass. There are many flaws with the bill, ranging from irrelevant and unrelated elements inserted into the bill to the much larger issue of reform of the financial sector and of government regulations, which it puts off until later. That being said, I accept the word of Ben Bernanke and others "in the know" who believe that the credit markets in the country will dry-up without something to reassure them, to add confidence, and to establish a functioning market for these mortgage-backed securities. To read about what exactly the bill does, go to:

The Bailout: An Owner's Manual