…then, I’ll stop for a while. I was at a McLaughlin Group taping earlier and Mort Zuckerman was on. He supports a direct infusion of capital rather than the Paulson plan. But here’s what got me scared: He says Paulson won’t work because housing prices might well drop another 15-20 percent! And because everyone’s so scared most institutions are going to pull back radically on lending no matter what.

Meanwhile, both this Economist story and the FirstTrust analysis noted by Ramesh think Paulson will work