Senator MCCAIN: We can't dedicate more than - possibly more than a trillion dollars to rescue failing institutions and then go right back to business as usual in Washington as if there were no end to the resources of government or the patience of the taxpayers.

NPR: McCain Urges Senate To Follow Truman's Example

Over in Europe, Slovakia finally ratified the extended EFSF, becoming the 17 and final EU nation to approve the rescue fund, but failing to rally markets.

FORBES: Stocks Fall On Weak JPM Earnings As Rajaratnam Gets 11 Years

After being assailed throughout Asia for failing to contribute to a rescue fund for Thailand in September, America feels it unwise to remain on the sidelines again.

ECONOMIST: The IMF and Indonesia

Jaimy Gordon won the fiction award for Lord of Misrule, about a horseman's scheme to rescue his failing stable.

BBC: Patti Smith memoir wins US book award

The repeal of hopelessly outdated Glass-Steagall eased the financial crisis, by enabling commercial bank holding companies to purchase and rescue failing investment banks.

FORBES: President Obama Offers A Repeat Of His Same Failed Policies

They want to hasten legislation governing the rescue of failing banks, increase protection for depositors and revisit rules on the valuation of banking assets that may be exacerbating the crisis: all familiar policies.

ECONOMIST: The Conservative Party

Except that Commander Obama could not wash off the stench of dereliction of duty, duty to far more worthy American warriors and servicemen, dereliction in failing to authorize worthy security for those who were sent in harms way under his leadership, and to order a timely rescue when he could.

FORBES: Move up http://i.forbesimg.com t Move down

Ireland's central bank welcomed the commitment of euro-zone leaders to help the country reduce its bank-rescue costs, but warned the initiatives they have taken so far are failing to tackle Europe's wider debt crisis.

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