Bail-out blues

I was just reading this excellent article in The Guardian by Nobel prize winning economist Joseph Stiglitz, in which he argues much as I did in my post, Shifting Craters, that U.S. Treasury Secretary Henry Paulson's bail-out plan for Wall Street will only benefit the most poorly managed banks and cost a fortune to U.S. taxpayers.

Thank you Mr Stiglitz, I retract what I said earlier, that only late-night comedians seem to understand the stakes of this issue.