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.”