From today's New York Times:
House Republicans had threatened to scuttle the deal, and proposed a vastly different approach that would have focused on insuring troubled debt rather than buying it. In the end, the insurance proposal was included on top of the purchasing power, but there is no requirement that the Treasury secretary use it, leaving them short of that goal.
You know what? That was a really good idea. It was a really good idea, it should have stayed on the bill, and in 10 years we're going to be Googling the names of the people opposed to it -- assuming any of us still have computers, much less access to the internet -- hunting those people down, and publicly lynching them.
Posted by Joshua at September 28, 2008 10:00 PM