Your right. In order for a bailout to work it would have to be about 3 to 4 times this much. ( we know that will not happen) That can’t be sustained. So do we let it go, or only purchase bad morgage paper? Should we continue down this path? Or suck it up and let it go 4 or 5 years and live through the times of real trial. I feel it is best for the nation to let it go, 5 years from now we be able to recover and start to grow again. Those who forget history are doomed to repeat it.
I can sum up my beliefs about this whole thing with one simple statement: The government, if it does this thing, becomes an “enabler”.
I must add, however, that sometimes an adult child can get himself in so much fincancial trouble that his rich parents can still end up bankrupting themselves trying to “help”. In the long run their help hurts everyone.