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Wall Street bailout plan explained, universally reviled [Update 14 It's unanimous]

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OMG, I agree 100% with Bill Kristol. Hell just froze over.
UPDATE 14:  

Folks, this is a very bad bill. Barry Ritholtz of 'The Big Picture' weighs in.  He considers Paulson's plan abominable.
ALL of the big economic and finance bloggers are now on record against this bill.

Cross posted at The Economic Populist

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EndGame by P. Orin Zack on Monday, Sep 22, 2008 at 2:57:57 PM
One can only pray... by ear on Monday, Sep 22, 2008 at 5:38:41 PM
Good roundup, thanks by ear on Monday, Sep 22, 2008 at 5:32:49 PM
Bailout by Archie on Monday, Sep 22, 2008 at 10:10:45 PM