Kevin Drum starts a roundup:

Paul Krugman opposes the Paulson/Bernanke bank rescue because there’s no guarantee it will work. Atrios doesn’t like it because it gives Paulson a blank check with no oversight. Brad DeLong doesn’t like it because it lacks necessary reforms to balance the bailout. Sebastian Mallaby, by contrast, just doesn’t like it, period.

Mark Thoma wants a share of the companies we save, Dean Baker thinks "a poorly designed auction system will be a fiasco, wasting taxpayers dollars and rewarding the most effective liars," and Robert Reich thinks we should just have a big bankruptcy workout (like the Resolution Trust Company).

Robert Shiller wants fundamental mortgage reform putting all mortgages on a continuous-workout basis; Wall Street has already said that permitting workouts even after personal bankruptcy is a "deal killer."

Their "deal" (link is to the draft text) is $700 billion with no end game, no oversight, no limitations, no review by courts or congress, no clear benefit to us and no loss to them for their recklessness and outright fraud.

That’s not a "deal," it’s a robbery.

Call your Congressmen Monday and say: no deal.