We saw part of the bail out yesterday. The ECB and the Fed stepped in and flooded the market with money.
The game is played over and over and the music never stops.
Maintaining target rates isn't a bail out.
In what sense was that a bail out of mortgage companies? The Fed stepped in and did a repurchase to maintain their discount/overnight rate of 5.25%. That's what the Fed does.
Sometimes they buy, sometimes they sell. Some days they buy more, some days less.
Geez, why is it necessary to color stuff the way you do?