October 3, 2008 2:03 PM

Bush Signs, Let's Hope the Bailout Works

President Bush has now signed the $700 billion bailout plan, as 58 votes switched from no to yes in House. Chief House negotiator Representative Barney Frank promised to work on the root causes of the crisis next year.

This is not promising, but now that the horrible legislation is passed, I hope that the credit markets become less fearful, and that Treasury Secretary Paulson is a wise steward of his newly granted powers.