To bail or not to bail

Notwithstanding years of training and experience in the financial markets, I have no real idea whether this bill will work, but I guess I come down about where Paul Krugman does. It's a bad bill, but it's the best bill we can get, and we desperately need something to try to stop the meltdown.

In a little over an hour, we'll know whether it makes it through the House. I suspect the Republicans will torpedo it, but who knows? If they do, and the banks come tumbling down, it will be a little late to assign the blame. We'll all be in deep do do.

When the boat is filling with water, it's time to bail.