UPDATED
Check out RedState's recent posts on the financial situation with Fannie Mae/Freddie Mac, AIG and the federal bailout. The first post attempts to explain what the heck happened. The second post attempts to explain what would happen if we don't do the bailout.
Newt chimes in on a list of questions and concerns before any bailout is done. Ace of Spades also chimes in. AllahPundit also summarizes and questions.
Meanwhile, Flopping Aces gives a chronology of the Bush administration's many attempts to try to get Congress to do something about the growing problem - dating all the way back to 2001!
And then, for a little humor (because we all need a little levity to ease the tension with this whole mess), you have The Obamessiah getting tongue-tied... again.
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