>"The Democratic-controlled Congress, acknowledging that it isn't equipped to lead the way to a solution for the financial crisis and can't agree on a path to follow, is likely to just get out of the way. "
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>Congress is saying that it's not going to try to intervene in the current financial situation. This is fantastic news and I fully support this bi-partisan decision. Now if we could just get the FED to follow suit. $2 trillion+ and counting in bailouts so far...
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>"One reason, Senate Majority Leader Harry Reid said yesterday, is that ``no one knows what to do'' at the moment. "
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>I couldn't agree more.
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>http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aVPBaUbYV_qQ

Imho, it is positive, but from slightly different angle. I think that Bernanke and Paulson know better what to do than the US Congress.
I don't know if you consider AIG deal a bailout. Strictly speaking, it is not; it is an orderly liquidation.