Congress is having another go at the bailout that failed last week.  While I would love to come up with a magic pill to cure the economy, the fix must be designed correctly so that it doesn’t make it worse in the long term.

The Fed needs to be sure it does not become a crutch for insolvent firms, distorting credit allocation and risk taking.

– Economist, Sept 20-26, 2008

Good investments are rewarding; bad investments must be equally bad or else the whole idea of a market economy is destroyed.   Get it right, Congress, and let’s get this done correctly.