You can almost feel the nervousness oozing from Wall Street. Lawmakers on Capitol Hill are raising too many objections to the government bailout plan. There's unsettling talk about slowing down the process, taking a time out - even though Paulson and Bernanke insist that there's no time to lose (and they're probably right). After a day of pretty wild swings, the Dow finished down 161 points. That's a two-day drop of 533 points, hardly a vote of confidence. (NYT)

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   Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.
Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.