Monday Depressing News Edition

I never thought I'd see the day that India's growth rate slipped to 3%, but that's exactly what Morgan Stanley seems to predict today. And on the international front, a proposed $30 B bailout for AIG, in addition to the two it's received earlier. Most of the Obama administration's moves have been flawless so far, but when it comes to banks, credit, bailouts (everything Geithner's in charge of, in other words), I wish they'd show more balls, and do what needs to be done without worrying about the politics of it. Nationalize AIG, Citi and the rest of these bufoons, if only temporarily. Kick out all the management that got us here. Then maybe we'll see some genuine progress.