The Loudest Cricket

Long answer: Hell No!  Not only are sub-prime lending and the secondary mortgage markets bad ideas, the recent “rescue” plan did nothing to address them.  And now we know that $700 billion won’t be enough.  The total of cost of all the “rescue” programs (Bear Stearns, Fannie/Freddie, AIG, etc) is approaching $2 trillion.  When things get this bad, it’s time to let the market work itself out.  Any intervention will only prolong the agony, making matters worse.