It's a great idea but we, uh, won't pay for it.
Mostly unrelated, but I just continue to be disturbed by the degree to which THE crisis is "the financial crisis," that is a bunch of wealthy bondholders who are a bit worried about their bad bets. I think the Wall St. vs. Main St. metaphor isn't very good because nobody ever really explains what it means, and in suburban America "Main St." doesn't generally exist, but the fact is here and abroad it's the fate of rich investors which is what matters.
