OK, this is going to be big-time snarkage, because the entire story is becoming more of a farce than necessary.
Traders seems to have finally realized that their precious bailout comes at a cost which the US can not pay in cash. That means we have to borrow that
From the "Why Worry Now?" department, we find out that our ever-vigilant government is closely monitoring oil prices for sing of manipulation. Welcome to the party guys--we're all going home now.
The "No Constituency Left Behind" program has suffered a minor setback, but Democrats are sure it's only temporary. If they whine long enough, they're sure they'll get what they want. For the Children or the Poor or who-the-hell-ever this time.
This just in--the glorious bailout plan will be a drag on the economy. Another victory such as this and we may be undone.
Hank Paulson is seeing his chance for shoving this plan through Congress in a hurry evaporating like puddles after a summer shower. See! There's something to be thankful for! Given all the interesting powers granted and the lacks of check and/or balances, this is the first good news I've heard on the subject so far.
And after a crappy day for Wall Street, Asia feels our pain.
It's going to be a long fall and a cold, cold winter at this rate.