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Roubini doesn't say Frank and Moran didn't know what they were doing. On the contrary, he says they agreed to play this role in full agreement with the House and Senate leadership. I think he refers to the other Senate and House members.

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Fri Oct 10th, 2008 at 04:11:12 AM EST
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You're right.  I was definitely not reading carefully enough.

Do you think the striking vagueness/generality of "any other financial instrument" was intentional to start out with (i.e. in order to sneak the stock injection plan past the pack of resistant legislators)?

Truth unfolds in time through a communal process.

by marco (cowannar at gmail punkt com) on Fri Oct 10th, 2008 at 05:26:59 AM EST
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