Hi Buddy!

The bailout is quite a subject! My thoughts are a bit off the beaten path but I am used to that route.

First off, IMO, the whole problem was caused by greedy bankers (as you pointed out) operating in an environment with too little regulation. Lending practices got so loose that everyone had to undercut to stay competitive. Rising prices allowed these mortages to thrive as equity rose faster than payments for some time. Anyhow, the victims have become the investment banks, who for the most part I believe don't even make the mortages, small investors, and just about everyone else. If the bailout helps eleviate the pain by everyone, it is easily worth it. I know the multi million salaries are tough to justify with tax $, but there is no sense cutting off your nose to spite your face. REmember, if it was not passed, the CEO's wouldn't suffer much anyway as assets on hand would cover wages and salaries. Also, Iraq costs about 24 billion a month the last I heard, making this a bargain!

I hope better regulation comes of this, and I hope some of those responsible for the mess spend some time in "the Crowbar Hotel).