The Lion and Gun

A few days ago Ross gave some sage advice to whoever might listen: recapitalize now.

Seems Hank Paulson heard, and the Treasury is getting ready to inject some serious money into the banking system. (Nobody say 'nationalize'.) What little I know and understand of the situation tells me that pumping capital into banks to free up credit is a vastly better idea than taking all of their horrendous assets off their hands.

Update: The Wall Street Journal, however, says 'no such moves are imminent.' Could be just a trial balloon. We'll keep you posted.