Can someone please explain to me this bail out thing

[FrugalWitch]

There's a very good reason that things like the bailouts are not spelled out in clear, simple terms as the situation relates to the average working-stiff. If it were easy to understand the public backlash would be huge, so it serves both the government and big business to keep the waters murky.

JMHO

[frugalbabe]

China is watching all of this with their mouth watering. They already own a very large chunk of us. We borrow money from country X or Y and China goes and buys it from them. You asked what if China calls it in? Did you see the Olympics this Summer with President Bush sitting there nodding and smiling with their leaders? That is exactly why he is there the threat of them calling it in. But they are way way smarter and more cunning than that, they don't need to ever call it in by just the threat of it they own us. Between Russia and their attempts at seizing control of the European oil pipelines and China and their debt ownership there are some very dark stormy clouds on the horizon.

[Greebo]

So now the Federal Gov't is talking about taking over all the bad debt from the faltering financials...

So the market bounced up 400 points at the end, yesterday.

I'm sorry but the idea of Federal Debt Collectors just scares the bejeezus out of me. It should scare anyone who's at all struggling with their bills even more.

[Jeanna]

In my opinion the tax payers should not pay for the mistakes of the companies.
We are the kind of people who make ends meet but does not have extra to invest. I think it is wrong that we should be penalized for those that do. One thing that I have to say, for I know a lot of people are unemployed and struggling right now. I think if anyone should be helped it should be the people not the companies who mismanaged their money.