"Out of curiosity, what do

you believe should be done in this situation? " A bailout is necessary, there's no doubt about that. I don't

think though that the American public is being told the whole truth. The housing crisis is bad enough but it pales

in comparison to the derivitives crisis which is far far worse. But, back to the housing/mortgage

crisis:

So, we the taxpayers are going to foot the bill for the largresse of the mortgage companies, ok - so

now we own all that bad debt. I suspect though that when the economy turns around (it may take quite a while this

time) that those houses will still be owned by the mortage companies and they will eventually sell them with new

mortgage holders and reap the rewards. That's a sweet deal and a half. So, ok - bail them out but make sure we,

the taxpayers, get the eventual benefit. This is why you are seeing the talking heads on TV pushing hard and fast

to get this done, they don't want Congress to look at the fine print (much the like the Patriot Act). I say, whoa

- hold on and let's take a look at it and revise it where it surely needs revision.