If you're really interested in this bailout business, and suspect that Treasury Secretary Henry "Hank" Paulson's plan might have been half-baked, you may enjoy reading Paul Krugman's blog.
Krugman teaches economics at Princeton, writes a regular NY Times Op-Ed column, and is brilliant and knows it, so is a bit much to take sometimes. But he asks the right questions.
I liked this from one of his posts today:
When I noted that the Paulson plan still doesn’t have a name, but that some are calling it Bailie Mae, [Princeton economist Alan Blinder] proposed Hanky Panky instead.
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