What's The Big Rush All About, Anyway?

It took several years, decades even, to manufacture the current difficulties in the US credit markets.

So now all of a sudden within the space of a week and a half, we Must Do Something RIGHT NOW!!!!1!

Hold on there.

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Why?

Who in the treasury department is going to make a billion dollars on this? Whose brother is going to avoid going to jail?

Why are we going to give a $700B get-out-of-bad-risk card to banks that are still in operation? The S&L scandals caused the S&Ls to go out of business, and then a year or 2 AFTER they sunk, we started dealing with the funny business. Not while the private businesses were still operating, helping them get out from under their own poor investments!

Why so fast? Why all of a sudden? Why right now? Is Sec. Paulson going to prison in a month if he doesn't stucco over it all?

What's the big deal about Doing Something RIGHT NOW?

And, why This? What, we can't have a week of brainstorming?

We can't require that these private businesses have a crash program of doing mortgage workouts before buying all the mortgages?

Why?

WHY?