So, now we all pay for the planned and created crash of the banking and investment world through the use of bad housing loans. Do you really think the people who perpetrated this evil actually did it without foreknowledge of their actions? Banks are run and overseen by financial experts who are fully capable being aware of their actions in the larger financial world for years to come. Many "rogue" experts warned of exactly what was coming years ago and were dismissed by the other experts who were well aware of the accuracy of the warnings but wished to continue to become more rich at the expense of a one-day crash. Do you think these same people were not aware of the pathos they were creating (of people losing their homes) and that they would probably benefit doubly when the public supported a bailout of the same institutions that created the crisis? Do you think these same people were not aware of the bailout of the Savings and Loan institutions 20 or so years ago? We've all been "had" and now we have stupidly allowed these same evil financiers to continue and gain even more wealth.
Oh yes, I was wrong about the cost to the individual American. The bailout is now estimated to cost nearly 900 billion dollars. As we all know from past experience, this will expand quite a bit to reach well over a trillion dollars. At that level (more than $900,000,000,000.00) it will cost each American from baby to elderly more than $3000.00 or more than $12,000.00 for a family of 4. And the government thought we could "kick-start" the economy by giving each family $600.00 to a maximum of $1200.00 just a few months ago. Now, we must cough up more than 10 times that much to "kick-start" the banks that will take back the houses and resell them for a profit, giving the evil financiers more money at the public expense.
What could we, the public, have done with a trillion dollars? The mind boggles.