I don't know what these guys are smoking, but some sort of magical thinking seems to be at work. Their notion of a "free market" solution, proposed Saturday, was to make banks pay the Treasury for insurance. Brilliant! Let's drain liquidity from the banking system just at the time when it needs more liquidity to survive.
After all is said and done I think more sensible heads will prevail in the House. But it is so sad to see a great political party commit mass suicide.