Breaking Down the Different Big Bailout Arguments

The Big Bailout legislation before Congress is just that - Big. Likewise so too is the amount of journalism out there today. So, we've found what we think is the one article the best lays out both the government's plan, and alternative ideas. However, we'd like to note while the story does a great job of laying out different ideas it doesn't mention an important point. That point was asked of Treasury Secretary Henry Paulson at the end of yesterday's Senate Banking Committee hearing - do you still have the same urgency to get this done? Paulson's response? Paulson said, yes because in his view the markets had calmed a bit because they were told the legislation would get done.

Here's why you care: You need to understand the different arguments being put forth. But, as we always note, the market is like politics and often times is a game of expectations. The market was told there would be stability in quickly passed legislation. That clock is ticking. Take a few minutes and read the Washington Post piece today. There's a lot of wrangling going on behind the scenes, due to policy, and due to politics - this piece will give you a leg up on the policy.