A Solution That Works

FDIC Chief Follows Last Week’s Comments That Bank Bailout Is ”Not Enough” with a Plan Similar to “A Solution That Works”
FDIC Chairman Sheila C. Bair testified on foreclosure before the Senate Committee on Banking, Housing and Urban Affairs  this morning. Here’s a snippet of Bair’s address:
Despite what we hear about the credit crisis and the problems facing [...]

White House considering taking over some banks, says AP, anonymous source.
 
The big news this morning is a rumor that the White House is considering taking over ownership of certain banks — the latest move in the government’s “Whack-a-Mole” approach to dealing with the current financial market crisis.
According to the Associated Press:
An administration official, who spoke on [...]

Will the Government Bailout Plan Work? Financial Markets Are Still Nervous, Should We Be? 
Interesting article from Yahoo and the Associated Press around the challenges still ahead, in spite of the $700 billion dollar banking bailout plan signed into law by the President today:
Bailout signed, now it’s wait and see its effects
From the article:
The immediate response to [...]