by Max Brantley
I'm reminded of days of yore in the Arkansas legislature, before the ascendancy of the Death Star, when the grownups in the Senate would fix the mess caused by the hotheads in the House.
Senators are vowing today to produce a bailout plan.
An NYT columnist notes that, while the market is relatively calm today, it doesn't mean that short-term action isn't required. Yes, it's required even if there's some justification for sentiment such as that expressed yesterday (photo) in the sign waved briefly yesterday on Wall Street. This gallows humor photograph is racing around financial offices.
I thought this was a useful Q&A (link fixed) on this week's events and individual investment strategy.