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[Not_Bill_Oneil]

Cox, Chenney, Bush, Paulson, and Bernanke...

are pictured on the front page of IBD's Monday edition from a meeting yesterday on our financial markets. Makes for a great photo.

Too bad the SEC, Administration, Treasury, and Fed all have to gather around and look under the hood of the markets and try to come up with some ideas of what's wrong and then some guesses on how to fix it and get it running better.

What makes for great photos doesn't make great policy. As they continue to tinker around and try different things, stay tuned for some more creative and drop-in-the-bucket government operations, interventions, and programs to be announced soon. Sadly, probably most will be ineffectual, and ultimately cost us the taxpayers.

Meanwhile we wait.

Just cut the rates meaningfully already! And lurch the markets around some more! At least we're better prepared this time.