lucky old sun

i did the bike ride yesterday. i rode 60 miles. and today i feel great. except for being burned to a crisp on my arms and legs. i put sunscreen on my face because my nose always burns, but i neglected my arms and legs and i am paying for it today. i'm going to take an oatmeal bath tonight and soak out of the heat. this is intense. but the ride was great. i had a blast and i think i did pretty well considering how little i actually ride. it was seriously a tour of houston. i mean we went back and forth and saw the same area like two/three times. there's another ride coming up out at nasa that i think i might participate in also. i love bike-riding. plus the bike i used was pretty sweet. i was clocked around 20 mph, at some points a little faster. the wind man. i was like the wind.

all things to do with the bank bailout today. first, what the hell was TARP? we basically gave the banks $700 billion and now we have to buy their toxic assets for $1 trillion? what is going on here?

breakdown of the plan.

analysis from businessweek.

mish's take.

krugman's take.

frontline will air a program entitled "ten trillion and counting" this tuesday. check local listings for airtime.

here is a quick history of the federal reserve. check it out.