It's what the people want

A reporter on Al Jazeera speaking from the Luxembourg emergency summit informs me that "People over here in Europe are saying 'Hey why can't we have a Paulson bailout for the banks over here?" I immediately switch off.

Later the same reporter recants. "People over here in Europe, when you walk around and meet them are saying 'Why the hell should we bail out these bankers?".

Even the reports on hedgefunds are, hedged.