Alright, all you public-spirited economists seeking to have a positive impact on economic policy...
Barney Frank as House chair and Chris Dodd as Senate chair have a legislative vehicle to guarantee mortgages through the FHA.
Alan Blinder says that it's our best bet right now. I trust Alan Blinder's judgment.
So everybody get on message: back Barney Frank and Chris Dodd in what they want to do, and quibble over the details and implementation later.