Bailout Blues.

Agreed, for the most part Zebra2222!!! This is one issue where every American: Democrat, Independent, Republican and all others, need to insist that we all just slow it down, and focus on getting the the details right. The first rule of negotiation is to never accept the offer submitted by the party who will most benefit. In the case of this bail-out 'white elephant' the primary beneficiary is Wall Street. The secondary beneficiaries are the political 'fat cats' who raked in millions, while devising this scheme from the onset with an accountability 'hatch door'. Meaning that Congress devised this Fannie/Freddie plan with a clause that released the Fannie/Freddie CEOs from any responsibility for failure, and promised a 'bail out' from the onset. This insistance on a rapid fire commitment of $700 billion in taxpayer money to Henry Paulson, the former head of Goldman-Sachs, an investment firm on par with Lehman Brothers and Morgan Stanley is HIGHLY SUSPECT! Anyone who has ever, or will ever personally benefit from the problem organizations or this bail-out should be recused from any input on the resolution. What's more, I believe that Chris Dodd (head of the banking commission) and Barney Frank (head of the housing commission) should be forced to resign from their chairmanships IMMEDIATELY -- NO EXCUSES!!! If it stinks like rotten fish, then it probably is rotten fish! And, we may miss the offensive aroma of the putrid Pike if we gut and cook it too quickly.

One famous economist and 2 professional bankers think this bailout is unneccessary and irresponsible. http://www.wsmv.com/news/17584894/detail.html