Is the "Broken Glass" Half Empty?

As you try to make sense of what the Bush Administration
is prescribing to save the American financial system,
consider Treasury Secretary Paulson's "Break the Glass"
plan.

It's what he asked aides to draw up earlier this year when the ground beneath Wall Street began to give way.

You may also want to consider Paulson, the legendary Wall Street dealmaker, and his progression of public assessments of the very industry he's now trying to save over the last 12 months; so cogently chronicled by The Wall Street Journal.



http://online.wsj.com/article/SB122229650055473043.html


Consider that the Paulson/Bernanke plan attempting to scare us (and our Capitol Hill representatives) into immediate action began with enough golden parachutes to allow the 82nd Airborne to make daily jumps into Lower Manhattan for the rest of the decade. Love that?

Democrats, seeing Republicans turn their noses at the initial plan, have worked to have those CEO security blankets stricken from the bailout. But they continue to tread timidly into a plan that, if it fails, will become their Scarlet Letter.

Can you trust any of it?

Or is it what America gets for hiring an administration that's put the very catalysts of this potential cataclysm in charge of finding the antidote to what's poisoned the markets?