[rawhide]

The reality is simple: The rescue bill is good for the financial markets.

You are right, it is good for the financial markets. But it a lousy deal for the taxpayers. If I make some bad investments, the government is not going to bail me out. Especially if I made some careless investments.
And with a government bailout, this just encourages more careless investing in the future. Why not invest and be careless, if you know the government will bail you out if the investments goes sour? That is crazy.

[goldstategop]

Exactly! Socializing risk is a terrible thing to do. Freedom is about the ability to fail as well as succeed. We take that away, we live in a fascist society. I felt delighted this afternoon when the House shot down an attempt to impose fascism upon the American people!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[WOSG]

“But it a lousy deal for the taxpayers. If I make some bad investments, the government is not going to bail me out. Especially if I made some careless investments.”

That’s why it should never have been a bailout but a ‘workout’. bailout is not the point - the point was and is to assure liquidity in the markets by getting a market for CDOs. The bill requires treasury to NOT overpay.

Seriously, the taxpayers are the investor class. It was and is a GOOD deal for the taxpayer/investor class, since $1 trillion was lost in ONE DAY and the ‘bailout’ would likely cost no more than 15% of that (or $150 billion).