I am going to admit that I don’t really have a good grasp on the bailout plan the government is so wound up about. $700 billion is a lot of money and as the “crisis” goes on, I’m increasingly confused about exactly what the purpose is. Wall Street is still running. Stocks are still being traded. Money is still changing hands. So, what’s the problem?

More and more I’m thinking that the wealthy Wall Street boys are finally having to pay up for their greed. But, rather than taking their lumps like the rest of us when we make stupid decisions that bite us in the butt, they’re now whining to the government that the entire free-market system is in jeopardy. But is it? Really?

I’m not so sure. I am sure that they’re all up in arms over the fact that their world is coming to an end. I’m less certain that in the long-run the rest of us are going to be as negatively affected as they say. Remember the people that are sounding the alarms are all Wall Street people. Secretary Paulson used to head up Goldman Sachs which, btw, just failed too. And for the same reasons as all the other companies. Is he really the right guy to lead us out of the mess he helped make? I”m not at all sure that Paulson isn’t just looking out for his wealthy buddies. Moreover, he is so arrogant that he believed he could demand and get complete and total autonomy in the process. He wanted to literally be above the constitution in terms of oversight. He and he alone would have the power to make the decisions and tried to prevent even court review of his decisions. Excuse me? Who the hell do you think you are? Do you really think the American public is that stupid?

I think Congress should scrap the whole notion of bailing out Wall Street. Let those unregulated, greedy companies fail. Then put the regulations back in place that prevented this kind of fuck up for more than seventy years. In stead, why doesn’t the government give the $700 billion to the American people who are in jeopardy of losing their homes? Why not bail out the public for a change, rather than some government. After all, despite all their noise, I’m not sure that the public is going to get a thing for their $700 billion investment.