I referenced Joe Nocera last week – he’s the NY Times columnist I mentioned in What’s Next for the Capital Markets for his objective observations. This week, however, he seems to have moved from “This Bailout is like a Hail Mary pass” to “We really need something, anything – NOW!.
I recently responded on his NY Times blog – – because I think it’s okay not to rush any bailout package and to take careful stock of what we’re doing. Depending on the same government watchdogs whose glaring lack of oversight is now creating the need for extraordinary oversight seems too close to letting the inmates run the asylum.
You can find his blog and my post here