The Transatlantic mortgage bailout trial balloon

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This one from the Financial Times is brief but you guys are smart, you’ll get the idea: ‘Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis.’

More: ‘Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current vicious circle of forced sales, falling prices and weakening balance sheets.’

Start your weekend on the good foot by writing a caption for the above photo. My entry: ‘You’re doing a heckuva job, Bennie.’

Photo Credit: AP photo of, from left, Treasury Secretary Henry M. Paulson Jr., President Bush and Fed Chairman Ben S. Bernanke.