Wall Street bailout - Do we need it?

Writing this one on the plane, where I just watched President Bush address the American people on why the Wall Street bailout plan is necessary.  I think that the President actually did a good job of explaining how we got in this mess, what the consequences are of doing nothing are and even a decent job of explaining what his plan will try to do.  He also was very clear about the fact that he is willing to accept changes to the plan suggested by a bi-partisan Congress.  All of this is good but frankly scares the hell out of me! Things must be truly bad to bring about such a coalition as we have forming here.  In that case I hope that what they have to do, they do quickly and smartly.

With everyone suspending everything to see this crisis through and put their 2 cents in, I wanted to put mine in too. For my part I would like to see something in the oversight of the financial industry that says all of these financial institutions must do something about information security and data protection.  Personally I think requiring intrusion detection/prevention, vulnerability management and network access control (especially if they all work together) for each each of these companies should be part of the package.  Of course if they do require that, I demand that they have no limits on the compensation paid to security company executives ;-)

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