The Treasury's move will help stabilize housing and credit markets, and take pressure off the Fed.

The takeover heals near-term crises, but raises serious long-term questions.

The takeover heals near-term crises, but raises serious long-term questions.

Nationalization risk replaces credit risk in the financial sector.

The Fed takes a big chance in order to break the cycle of "immoral hazard."

The Fed has eschewed bailouts. Can the FOMC resist a pointless rate-cut today?

Government rescues are making the most important firms "too big to not fail."

With the SEC's ban on short-selling, two wrongs could make a right.

Treasury's bail-out is broader than the market now sees, and so will be the regulations.

Even the most aggressive rescue plan isn't likely to avert recession at this point.