GRETCHEN MORGENSON: The Rescue That Missed Main Street. It was never aimed at Main Street, of course.

Consider reading her book, Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon. And note this take, by Walter Russell Mead.

Related: Obama Goes All Out For Dirty Banker Deal. When they’re saying that in Rolling Stone, I think the era of Hope And Change is definitely over.

Also: Gallup: Obama’s Disapproval Rating Hits An All-Time High. So far.