The Campaign Spot

The Markets Overrule My Skepticism on RTC 2.0

The markets disagree with my assessment of RTC 2.0, to the tune of more than 400 points in the Dow Jones Industrial Average.

All of this comes from a CNBC report that Treasury Secretary Paulson is going to sign off on a proposal for an RTC-like entity, one that John McCain was calling for a few hours ago. All of this conspires to make the GOP nominee look pretty smart.
Two days ago, Obama said the proposal was “premature.” Smart guy that I am, I was urging the candidates to say, “no.”