Holman W. Jenkins Jr. opinines in the Wall Street Journal that "The main uncertainty lately has been whether the safety net includes bank shareholders as well as depositors and creditors. That uncertainty is why we have crazy gyrations in bank share prices, and yet don't have bank runs."
The plan, which Treasury Secretary Timothy F. Geithner is set to announce Monday, is being crafted under tremendous political pressure from people who say the government is risking too much as well as from those who say it is not doing enough to end the crisis according to the Washington Post.
Maureen Dowd's take on the Tom Daschle's departure in today's New York Times.
Moderate Republicans are trying to trim the bill by as much as $200 billion, although Democrats working with those GOP senators have not agreed to a specific figure is reported in the Washington Post.
Niall Ferguson begins this column in the Financial Times with - "Call it the Great Repression. The reality being repressed is that the western world is suffering a crisis of excessive indebtedness."
