Ok so I don't know everything there is to know about this but I do know that bailing out someone is always stupid --- or as Dave Ramsey likes to say a "stupid tax". So how is it going to help our country in the long run if we let banks slide/bail them out for their own stupidity or unwillingness to tell the govt it was wrong for doing subprime mortgages and the like in the first place?
And for once the house actually listened to their constiutents and now Congress is having a temper tantrum and telling us all how stupid we are....http://news.yahoo.com/s/ap/20080929/ap_on_bi_ge/financial_meltdown ... hmmmm
and then there's reality....http://foxforum.blogs.foxnews.com/2008/09/29/jpinkerton_0929/
and this from Dave Ramsey.... interesting:http://www.daveramsey.com/etc/fed_bailout/economic_cleanup_10887.htmlc