Bushes Bail Out

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How does everyone feel about Bush's proposal to bail out the banks? Myself personally I think he should be bailing out the taxpayers and not the banks. I would propose that instead of buying bad debt from the banks, that they help the american people stay in their homes. If you bought a house for $500,000 and that home is now worth $200,000, I think that $300,000 of a person's mortgage should be forgiven or paid off. Why buy bad debt and leave people homeless, why not help everyone to keeps their homes and help the banks at the same time. Maybe I am misunderstanding what he is trying to do. What are your thoughts.