Doomers should read this Paul Jackson report  over at Housing Wire.
Saying that the nation’s system of checks and balances means being open to answering hard questions, well-known financial commentator and risk analyst Christopher Whalen sent a letter last week to New York Fed president Timothy Geithner, challenging the soon-to-be Treasury chief to a debate on the bailout and regulatory model that should be used as Barack Obama prepares to take office in January.
We recommend Doom’s annotated transcripts of Chris’ seminar talks at AEI delivered on March 28, 2007 and October 30, 2008. These help support his claim to being a credible discussant on risk and the bailout.
Chris did two additional talks between these, which we hope to have transcribed before spring. Who says we’re not optimists around here? 😉
———————————–: "Well-Known Pundit Challenges Geithner to Debate; Voices Concern over Bailout", by Paul Jackson, HousingWire, December 8, 2008.