[cammie]

This whole issue is a bit above my head (above my pay grade?) but I spoke to a friend who is a VERY conservative law and econ professor, and his response to me when I asked what will happen if the bailout doesn't happen was simply:

"It will be VERY bad. How bad, no one knows."

[GOPJ]

I fear it's going to be very bad with or without the bailout - but could be much worse with the wrong bailout.

Explain to the econ prof that the money they're talking about (the bailout) is enough to give over $400,000 to every man, woman, and child in the United States.

Yes, you read that right. $400,000 for you - and $400,000 for each of your kids.

Now it seems to me that if they're telling the truth that this about "housing" ( and I don't believe for a second that that's the real problem) that $800,000 for every couple in the US would go a long way toward paying the mortgage.

The current system bails out the bad actors, punishes the responsible bankers and sticks us with the bill. Think about it. You and the kids - your share would be over a million dollars... and you want us to rush and give that to Wall Street multimillionaires who lost a few bets? Gimme a break.