A new script is rumored to be making the Hollywood rounds. Here’s the plot: In the midst of a heated presidential campaign, a senior New York Democratic senator pens a letter, which ultimately leads to a run on a bank called IndyMac. Then, mere weeks prior to Election Day, the Treasury secretary warns that a market meltdown is inevitable if his plans to address the crises are not immediately implemented. He also scares the president, Congress and nation half out of their wits with terrifying talk about catastrophic economic consequences that will ensue if a $700 billion bailout bill is...