We read and hear about all sorts of ramifications of the "mortgage crisis" that have to do with how to maintain the sacred "market" which means the very businesses that created the problems originally in pursuit of quick but unsustainable profits.  The vast majority of people whose homes are now in jeapordy or close to it may have erred in taking out the loans they took out, but realistically they had no idea how these things work and often were convinced that they would never have to worry about paying the higher rates that would kick in because they could refi before that happened. 

Most of the major insitutional players were in on the whole mortgage scam and were lovin it as they raked in profits and sold eachother worthless or unsustainable mortgages disguised as hypercomplicated securities.  Now that the ponzi scheme has collapsed, the only solutions that seem to be on the table are to tighten credit and make credit more expensive for average people so the impact of the losses the mortgage schemers deserve to be hit with are, in part, born by the very same folks who also have to bail these crooks out further through the tax obligations being made on their behalf by our government leaders as with Freddie and Fannie and Bear Stearns.  I undersand the logic of necessity that has driven these bailouts.  What I don't understand is why the concern is only about the market and nothing other than sympathy is given to those whose actual lives and families are being destabilized.  After all, we're talking about millions of families now that have lost or may lose their homes.  How are the rich guys going to soak them in the future if they lose everything?  Pardon the cynical outlook but that really is the bottom line.  The goose that laid the golden egg in all this is the common person who keeps on paying their bills, etc...  The more families we destabilize and throw into financial peril, the weaker our economy becomes.

Why then,  is there no discussion of letting some of these conartists who got rich off these terrible mortgage schemes take it on the chin financially and instead offering directly through a government agency, taxpayer backed mortgages people can afford on a widespread basis?  If we little people are forced to bail out the crooks, why can't we also bail ourselves out?  I understand we cannot let the financial instutitutions of the nation collapse entirely, but it seems perverse and outrageous to make those most victimized by this crisis both bail out the bad actors in this scenario and also have to suffer as consumers subject to more expensive interest rates, credit that's more difficult to obtain, etc... 

After all, we as taxpayers are already bearing much of the burden of keeping the bad guys in business.  Why should we have to pay coming and going by also being burdened by credit that's harder to obtain and more expensive?  Under that scenario we pay coming and going whle the crooks profit on both ends.  Seems to me this only leads to the crooks continuing to reap profits they don't deserve courtesy of the common taxpayer and the same people in our nation are just left to suffer with little or no relief for themselves.

I don't understand why no Democrats (or anyone in the media as far as I know) are advocating that no business bailouts take place unless and until the common people are also taken care of.  I don't mean here to take care of only those in most trouble, but far more widely.  We are being asked to keep these irresponsible businesses afloat through our taxes AND as consumers of credit.  It makes more sense to me to be more parsimonious with the guys who generated the crisis and more generous with the victims: the average citizens!  Doesn't that put the average citizen in a much better position to bear the burden we are being asked to bear?  Seems that way to me, but I'm not an "expert" but even so, it sure seems to make a lot more sense to provide relief for those who need and deserve it instead of those who demand it because without it they would actually have to deal with the consequences of their corrupt, irresponsible business practices.