Anna Schwartz - Bernanke Is Fighting the Last War http://online.wsj.com/article/SB122428279231046053.html?mod=special_page_campaign2008_mostpop http://online.w

Anna Schwartz - Bernanke Is Fighting the Last War http://online.wsj.com/article/SB122428279231046053.html?mod=special_page_campaign2008_mostpop http://online.wsj.com/article/SB122428279231046053.html?mod=... "The Fed," she argues, "has gone about as if the problem is a shortage of liquidity. That is not the basic problem. The basic problem for the markets is that [uncertainty] that the balance sheets of financial firms are credible." Reading NY Times for their business/economics opinion is like reading Playboy for the articles -- curiously unsatisfying.