In the 1930's after the stock market crash, Congresss made laws to insure that the market would never crash again. Since 1988 our government has been keeping the market from calapse. A good idea in theory. In reality stock holders found out that they could buy stock and no matter what they would make money. The stock market laws of the 1930's do not work with the gready stock holders of today. The poorest people; working hard labour, week to week, living paycheck to paycheck, are being TAXED to help the "poor millionaires" that own stock. If the laws backed the stock market on a "one time base" it would be fine. To keep backing Wall Street day after day is "FRAUD" and people all the way to the top should be in jail. HELLO chairman of the board of the federal reserve bank; discount this!

People bought houses they could not afford, 2 brand new cars in the driveway, credit cards maxed out, and don't know the difference between buying out of need and out of want.

For the biggest transfer of monies from the working class to Wall Street tycoons! The crooks on Wall Street should be worrying about bailing out of jail instead of bailing out their mess!

The 'bailout' mortgage plan is like a Father that always pays his child's debt when the child overspends. The child just continues to spend knowing that their Parents will 'bail' them out again. Nothing is gained and the Parents may end up in debt.
The mortgage companies made their mistakes by allowing consumers to qualify for loans they truly did not qualify for. If the mortgage companies want to fix the problem they need to work out a payment plan for each consumer without gaining another dime from them. Adjust a 30 year to 40 year but keep the 30 year interest total. There are fixes to mistakes but someone has to swallow their own wallet and admit to it.
The money from the bailout will not go to the consumer in need of help with their mortgage payment, it will go to the mortgage company to make it profitable again.

The answer is "blowing in the wind".
God knows, but unfortunatly he does not privilege one with his answer!
My He so privilege our next President!!

I totally agree with you. I don't have cable, my home is paid for, my car is 9 years old (still runs great and good MPG), I don't have a cell (and don't want one). I have a credit card for emergency use only, I learned a long time ago to buy out of need instead of want. I haven't taken a vacation since I don't know when. I have 1 dept. store credit card I use once a month if I need to, because I get extra senior discounts, on already reduced items. My balance has never been over $25, and I pay it off every month. I clip cupons, and shop at the grocery on senior day. Sounds boring, but it's not. I do what I want to when i want to with friends and family that pretty much do the same as I do. Heck, I even changed all my light bulbs to energy savers, and I don't even leave my micorwave, toaster, etc. plugged in. And, I make extra money by selling on line. It's a good life!

Close your credit accounts...pay in cash. Have one card for emergencies. An emergency is a new major appliance becuase the one you have broke. It's not the latest DVD release, or vanity item.
Get rid of cable/Direct TV, cell phones (at least a lower plan), etc. You can live without them.
Vice mowing your backyard, dig it up and plant vegetables and fruit trees. Try cooking a rabbit. They're all over the place and are tastey.
Buy what you need...not what you want. Basically, live within your means.
Do you own oil changes and tire rotations vice bring them in to Jiffy-lube.
The U.S. didn't become a world power with computers, cellphones, TV, etc. We did by buckling down doing what is/was important.

Yes, it's going to hurt.
How much depends upon how exposed an individual is. I checked my 401K's and IRA...made the necessary adjustments and moved from company A to company B.
My neighbor bought a new vehicle today. Unsecured loan basically because his debt to income ratio is good.
Yesterday, as an independent general contractor/handyman, I got a credit line of $16,000.
Those with good financial stature will do pretty dang good. Those with several credit cards maxed out and a car loan, and mortgage...well....4 words...blanks to be you.
Pay cash and not use credit cards.

Understand what would happen to this country if the bill is not approved. I strongly recommend listening to some news that isn't so biased like fox and learn the truth behind the bailout before you go passing judgement.

You mean "Porked" Will the Pork help.... The liberal Obama media does not get it at all. It's the Democrat mess let them find a way out.

To think deeply reflect To engage in a business VENTURE offering the POSSIBILITY of a LARGE PROFIT but AGAIN BUT entailing RISK

WHY should I or my tax dollars be used to bail out spectulators When all my life I have tried to spend my money wisely..ANYTHING to do with the stock market in spectulation just like GAMBLING...look up gambling and you will find spectulate

Gamble To play a game of chance to take a chance SPECULATE to expose to risk venture A bet wager An undertaking of uncertain outcome

My money was not used to make these people rich they lived real good for a long time why should I have to bail these people out I dont think I will be effected if they are not I think we sould let things just ride and let the monkeys fall where they may

This bailout is just pushing a big snowball down the road and delaying and increasing the inevitable severe correction the economy will have to undergo. As long as it doesn't happen on our watch. Let our kids deal with it.

I must say that for the most part I don't relish the idea of using tax dollars shielding anyone from losses. The moral hazard created will last more than 10 generations. However, with that said, we have to recognize that we, as a great nation, collective most assume responsibility for the actions of our Congress and Administrations, past and present, and our own "credibility" as a great nation in the world. I am so very grateful for all the hard work that my forefathers put forth to result in a country so wealthy that we can catch ourselves as we falter economially. It is noew our job as citizens it insure that we continue that same work ethics and elect people who will abolish legislation, however, good intentioned, that has led to this credit crisis. We need to establish laws that encourage savings and prudent more lending. We as a nation owe this to ourselves and our children.

and that's all any of us can do at this time. Do all the guessing you want but that's all it really is. I voted "I don't know", because I don't, and neither do the rest of you. Sorry!

HANDS UP
THIS IS A ROBBERY

We must all be good sheep and not complain

Considering the top experts in the world don't really know, I'd say people are just wild guessing on this question.

Yes, but only in the short-term. If the root causes of the 'crisis' are not identifed and fixed then nothing will prevent this from happening again. Not more regulations, but better-written regulations with effective enforcement.