Elsewhere on Tuesday,
- Bailout collapse: The banker‘s view.
- Bailout options: The ex-Congressional staffer‘s view.
- The markets weren’t impressed anyway.
- $700bn: “We just wanted to choose a really large number.”
- “Let me explain now in more detail why we are now back to the risk of a total systemic financial meltdown.”
- Liquidity backstop needs a backdrop.
- The Snowball arrives.