Rescue Me

For my money, and it is, Newt Gingrich's thoughts make more sense than a bailout and the scientific community is united in that fact.

"...open up a window to loan money to treasury plus 2 percent, and people want to come in and borrow the money and the responsibility of a workout not a bailout, and those people want to work their way out over the next three to five years.

I'm comfortable saying this is a liquidity crisis; let's meet it; let's loan the money. But let's make sure they are responsible for their bad debt, and they're going to work their way out.

Gingrich also suggests...

* Replace the current snapshot to market with a rolling three-year average.

* Change the current loan reserve pattern so it's not pro-cyclical.

* Zero capital gains.