As I understand it, the entire financial "crisis" we have been going through is as a result of the large number of mortgages that borrowers can no longer afford to pay.  These failed loans are a result of slickly marketed ballooning mortgage schemes that generated enormous profits for years, but eventually became so widespread that now that interest rates have increased, the people who took out the mortgages at ow interest rates cannot make the new, higher payments.

At some point in time, perhaps it is even now not too late, the government could have devised any number of ways to make sure that most (if not all) the borrowers who had gotten themselves into mortgage trouble were given fixed rate loans they could afford.  This sort of "bailout" for the little people was found to be too expensive and besides, the all knowing "we" of Washington did not want to appear to be bailng out irresponsible borrowers.  Nonetheless, had we chosen to pursue a policy that would have allowed people to get new mortgages they could afford on the homes they were in and could at one time afford, we could have averted all or nearly all of this "crisis".

But instead of helping out the average mortgage holder who was in over his/her head we decided to play chicken and see just how many of the rubes would or could pay the higher rates.  This would alow the huge profits to continue if John and Jane Doe could figure out how to pay twice or more for the mortgage.  This happy solution did not materialize.  Instead, millions of Doe families lost their homes, walked away from their mortgages and left the poor, defenseless banks and speculators high and dry.

Now, with all their irresponsible chickens coming home to roost, instead of talking about how to lock up the crooks who were the architects  of this disaster, we are discussing only how many trillions the taxpayer is going to have to dole out to save these creeps from the consequences of their horrendous and fraudulent business practices.  We are told this is absolutely essential and we need to act instantly in order to maintain investor "confidence" which means essentially in order to keep the rich people happy.

If I'm not mistaken the taxpayer also happens to be the beleagured homeowners who still are paying their now increasingly expensive mortgages as well as the poor saps who have already lost their homes.  Seems to me this is a clear cut case of getting fucked six ways to Sunday and not one Democrat anywhere is standing up to object.  No Democrats in Congress are suggestng that instead of doling out trillions to the wealthy we should be helping staunch the bleeding by rescusing the people who we need to make mortgage payments every month.

Wouldn't it have been much cheaper for the little guys paying all the taxes to have bailed out the homeowners who needed help on the front end to avert the crisis we now see on the back end of the financial system?  The whole thing is an outrage and a boondoggle for the speculators and other irresponsible, bad businesspeople who created this mess.  Why isn't anyone standing up for the regular people on this issue and why isn't anyone insisting that if we taxpayers must bail out all these crooks, that we get a permanent piece of the profits that will be made possible as a result of the generosity of the taxpayers?