Why You Should Hate the Treasury Bailout Proposal

JimEverett said
Maybe I don;t understand, but what is that going to do right now?
I mean the "crisis" seems to be that credit is drying up right now and if something isn't done soon then we are looking at a serious economic recession/depression.
So if you expand insurance and apply right now, isn;t that what the Administration's plan is without the idea of forcing insurance on down the line?

Somewhat sounds like it.

However, we not only need to handle this crisis but we need to have procedures in place to control the next one as best we can.

There will be a "next one". There always is. And it is always worse than the "last one".

I like the idea of Wall Street having to insure themselves against their own greed and stupidity.