Huh. Maybe. I like the blinking "breaking news" thing.

ETA: I hear though that the story was on the paper edition last week. So, what is breaking news?

I think an economic depression is likely if the bailout doesn't go through. And that a complete collapse is likely if it does go through. The longer we stagger on as if everything's normal, the harder it's going to hurt when we finally fall down.

So I'm really hoping for a depression.

From an article at Forbes

"Choking up of credit is like taking the lifeblood away from the economy," [Fed Reserve Chairman] Bernanke said.

This pretty well sums up the problem.

So I skimmed the Enquirer thing. Looks like three members of the affair-guy's family swear it happened. But no smoking gun, right?

One of the family members did pass a polygraph test, which maybe means something....

It's the Enquirer, I'm not buying it. Yeah, they got the goods on Edwards, but that doesn't make me take them seriously.

Strega, why do you think things will be worse if the bailout does happen? (I'm not an expert on these things.)

eta: So if the bailout happens, everyone will just get into more debt?

Also? It supposedly happened over 10 years ago. As long as he wasn't on the city council of Wasilia, I really don't care.

Reid - "Thanks but no thanks":

This is a critical time for our country. While I appreciate that both candidates have signaled their willingness to help, Congress and the Administration have a process in place to reach a solution to this unprecedented financial crisis.

I understand that the candidates are putting together a joint statement at Senator Obama’s suggestion. But it would not be helpful at this time to have them come back during these negotiations and risk injecting presidential politics into this process or distract important talks about the future of our nation’s economy. If that changes, we will call upon them. We need leadership; not a campaign photo op.

And on the humorous side of things: Michael Douglas Asked About Wall Street Crisis

After world leaders here condemned the "boundless greed" of world markets, Douglas was asked to compare nuclear Armageddon with the "financial Armageddon on Wall Street."

But the likening to Gekko did not end there, with a reporter asking: "Are you saying Gordon that greed is not good?"

"I'm not saying that," Douglas replied. "And my name is not Gordon. He's a character I played 20 years ago."

Heh.

I really could care less whether or not she had an affair. I will say that it amuses me beyond reason to speculate on what our resident self-described crunchy con ed board member will possibly have to say considering he went positively nuts over the Edwards thing, and that was just a former presidential, semi possible VP candidate. He went to great lengths to tell everyone how reliable the Enquirer is.

I'm chuckling over it as I type.

Payback is a...wait, that's sexist. FTR, I don't care who she screws as long as it won't be the American people. But she does remind me of my aunt that thinks she's all that and flirts with other women's husbands.