Don't Rush On The Bailout

Some advice from David Cay Johnston:

Look at what the government in Dublin did after its stock market fell on Monday. At six Irish banks the government is guaranteeing that every depositor and creditor will get their money in full. Our Congress could do that. After all, our government just, in effect, guaranteed all money market funds.

Temporary measures like this would give us time for rational debate on whether the bailout will work, or whether it'd throw money away in an effort to prevent the inevitable deflation of Wall Street. You can't keep filling up a leaky balloon forever.