• Can you imagine? Some members of Congress are not just signing on to our financial bailout plan without asking some questions.
• The bailout is still being crafted in committee: “The administration agreed to allow tougher oversight over the cleanup and provide fresh assistance to homeowners facing foreclosure.”
• Don’t you get the sense that Ben Bernanke and Hank Paulson know something you don’t? “Action by the Congress is urgently required to stabilize the situation and avert what otherwise could be very serious consequences,” is what Bernanke will say today.
• Hey, someone call Martha Stewart! ImClone stock is down pending a well-priced purchase by Bristol-Myers.