Anne Truitt Zelenka

"So there you go — Barney Frank and Chris Dodd took Paulson’s bailout plan and transformed it into an authorization for the partial nationalization of the U.S. banking system."

"The $700 billion-plus bailout bill—signed into law in response to recent investment bank collapses and a lack of liquidity in the economy—will likely have a similar effect by distorting basic mechanisms that would allow markets to price securities accurately and efficiently. Packed full of tax breaks and "stimulus" treats to multiple special-interest groups, the bailout wishes away the fact that the current turmoil in financial markets is in large part the result of bad government policy."