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If you've got some spare time...

…this is worth a read. It’s a paper from the Bank of International Settlements called The housing meltdown: Why did it happen in the United States? Only 36 pages…not so painful. Hat tip to Barry Ritholtz at The Big Picture...

Senate Bill...

Some of you have written to say you can’t find the link I was talking about at the end of the broadcast today — the one with the draft Senate bill. Here you go...

If at first...

Well, here’s the headline from Reuters:Senate Agrees to Vote on Bailout At this point nobody’s saying much of anything about what’ll be in it, but we should know more tomorrow. The politics are the most interesting part. Will enough Democrats...

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