He should have take credit for pushing to reform Fannie Mae and Freddy Mack years ago.
I understand he wants to stay above the partisan bickering in the expectation that Congress would be more likely to follow suit and work together to resolve the bailout debate. Unfortunately Congress is full of incompetent partisan hacks looking out more for their own political advancement than service to Americans. I hope the (Democratic) Congress remain deadlock until a good and clean bailout plan is agreed upon.
I am not against the bailout per se if the bailout is only to buy these depressed home finance packages at a discount.
I am against the bailout if the cost is more government in control and regulation of businesses.