Don't Be a Snob

Think you know finance? Too sophisticated an investor to get your money news from the New York Post? Their "what's Obama gonna do about the banks?" story is elegant in its simplicity.

The options:

• Nationalizing the banks
• Creating a government-owned "bad bank" to take the toxic assets off of the bank's balance sheet
• Continuing the Bush Administration rescue plan of pumping in taxpayer money on an as-needed basis

I'm leaning toward the middle one as likely to happen and the best option.