Michael Gracie 

Bernard Lunn makes another outstanding contribution at ReadWriteWeb. This time it’s a look at the credit crisis, and what entrepreneurs must do to survive. I’m oversimplifying in this summary, but for entrepreneurs the uncertainty remains, stupid business plans will still hit the can, and startups are still more work than fun. Read the whole thing.

Jeffrey Miron opines that instead of accepting a bailout, banks facing failure should opt for bankruptcy filing instead: Bankruptcy does not mean the company disappears; it is just owned by someone new (as has occurred with several airlines). Bankruptcy punishes those who took excessive risks while preserving those aspects of a businesses that remain profitable. [...]

Despite the resounding success … miserable failure … mixed emotions involving the bank bailout plan, constituents of our fine land are willing and capable of cutting through the bull: Mike Masnick says take a deep breath – there are still opportunities. While Mr. Masnick published that commentary prior to the bailout vote failure, the words [...]

In a poll from Glenn Reynolds almost half of respondents chose… Can’t answer — too busy stockpiling shotgun shells and canned goods. Based on panel estimates from Quantcast, Instapundit readers are solidly middle class, and over 80% are college or graduate school educated. In other words, I’m not sure they were just joking. I’m not [...]

Wall Street Journal: The House of Representatives delivered a stunning defeat to legislation designed to rescue the nation’s troubled financial system, sweeping aside a call from President Bush to “send a strong signal” of confidence to markets at home and abroad. The 228-205 vote Monday exposed deep unease among rank-and-file lawmakers in both parties with [...]

A chronology Thursday, September 25th, 1:10PM – Chris Dodd and Company say an agreement has been reached. Must have been Dodd’s Plan. Thursday, September 25th, 4:32PM – We’re now hearing about ‘wreckage’ and ‘climbing’. Those dramatic terms probably got a lot of web hits. Thursday, September 25th, 6:17PM – Unraveling because John McCain wants private [...]

Probably not a big deal, but this is the first Snake River Cutthroat I’ve seen up close and personal (i.e. recently on the end of my fly line). Didn’t take much time setting up this photo (which is a good thing if you’re a fish) Up close and personal – note the bright yellow body [...]

You can be gratuitous too I’ve had a pretty darn good September so far. For some odd reason more than a few folks have been abnormally kind to me – I hardly deserve it, but I’ve had a chance to do some much needed gear upgrading … engage in more frivolous purchases … contribute back [...]

Marc Faber uses choice analogies, and cuts to the chase as well: Other sources of funding, such as foreign reserves of resources-rich countries, are also likely to dry up, Faber said. “I think sovereign wealth funds are going to be very busy supporting their own markets, they won’t have much money to buy assets around [...]

Senator Hillary Clinton: This is not just a financial crisis; it’s an economic crisis. Therefore, the solutions we pursue cannot simply stabilize the markets. We must also deal with the interconnected economic challenges that set the stage for this crisis — and reverse the failed policies that allowed a potential crisis to become a real [...]