Thanks to 'anonymous' for this reference:

As I've stated many times, my knowledge of economics could be written in big block letters on a postage stamp.

Here's a more knowledgeable take on the proposed bailout:

"Let me get right to the point. The Bush administration's federal bailout proposal, as furthered by Treasury Secretary Paulson, will not work; in fact, it will make our financial crisis even worse. Keep in mind I warned readers in 2002-03 that blazing into Iraq would result in disasterous consequences.

This solution will not be pain free. There are few good options left. The federal government must initiate a ground up rescue. By preventing foreclosures, halting bankruptcies, and restructuring homeowner debt, the paper IOUs at the bottom of the commercial credit food chain will remain viable. If the foundation remains strong, then the subsequent levels of securities IOUs will remain solvent as well. Ultimately, this is an issue of confidence. If a domino at the bottom falls, it will take others with it. As Wall Street firms have leveraged their obligations 20-30 times (or more), the fall of a single domino causes a financial chain reaction throughout the global economic community."
[Bailout Bullshit: The Robbers Are Running the Bank]

For what it's worth, it's encouraging to see our Congress balking at W's initial proposal... tho' I'm not hopeful regarding final product produced in less than a week!

Stop the madness!!!