I trust them more than any other news source.
What Congress and the administration failed to do, Johnson said, is develop a mechanism to quickly modify distressed mortgages and prevent even more empty homes from being dumped into real-estate markets in freefall. The plan also doesn't help banks bring in new capital to boost lending; instead many are sitting defensively on their reserves to offset expected loan defaults.
....I think it (the bailout) was rushed, and certainly we didn't give other reasonable, cheaper alternatives a chance. But at this point it is what it is, and we all have to pray that it works."
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