Two prior posts have gotten a good deal of attention this week and I’m linking them here.

The first relates to thoughts on demand side behavior and the things bearing on it going forward.

The second considers what banking will look like after the reconstruction legislation is undertaken and enacted.

While the epochal project isn’t in the headlines, the mapping and blueprint development are underway by vanguard staff in DC.

The blog shared the same view as comments made by Federal Reserve Chair Bernanke during the Q&A at his speech to the New York Economic Club Wednesday. They’re paraphrased below by the Post:

Bernanke also raised concerns that the banking industry has become overly consolidated as big financial institutions have collapsed or been swallowed up by one another during the crisis. Now the nation may have a “too-big-to-fail problem,” in which the collapse of any of the big banks could threaten the entire system. (Washington Post, 10/16/2008)