Politico Summarizes the Bailout Negotiations, WaPo Talks Alternatives

First, the Politico article, titled Climing from the Wreckage.  This is the most detailed breakdown of yesterday and today's events I've seen.

Second, the Washington Post has a story about a petition being made by 200 academic economists (non-Wall Street) to Congress, asking them to delay passing any bailout plan without taking the time to properly consider the effect of the proposal, in particular:

  1. Its fairness.
  2. Its ambiguity.
  3. Its long-term effects.
Unfortunately, there's not much there in the way of an alternate plan, but I think someone in Congress should give these guys a call.

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