Since Monday, the “Paulson Plan” has been thrust into intense debates at Senate hearings as Democrats and Republicans unite in their dislike of this mind-numbing $700 billion bailout of the nation’s financial system. I find such actions amusing, if not hypocritical.

Investors cheered the measures as the Dow Jones soared 400 points on Friday, after having surged 410 points on Thursday. This included meteoric rises for battered finance firms like Morgan Stanley, Goldman Sachs and Washington Mutual.

Should we invest heavily again now that a rally is forming?