Monday, September 29, 2008

Watch C-SPAN's streaming coverage here for the House Floor Debate on the bailout bill on Monday morning. Fascinating to see democracy at work in the strangest of ways.

Meanwhile, this Financial Week story explains how companies are getting so desperate for credit that they are reaching into their revolving credit lines for some liquidity. This is like dipping into your emergency funds to pay the credit card bill--a bad idea in many ways.