I'm frightened

I'm no economist, that's for sure, but it's possible the Obama people are treating our financial problems as stemming from a "liquidity crisis" as opposed to what some experts, including Paul Krugman, deem an "insolvency crisis." The difference, as explained (and predicted as long ago as the fall of 2007) by Nouriel Roubini is critical. It means, in essence, that all the money we're throwing at the banks to make them "liquid"--with money to lend--isn't going to deal with the fundamental issue: they're broke.