The New Bailout

[sugarpop]

So what about the new housing proposal? Wall Street apparently approved, but damn, why does it seem like all the money is going to the people who need it the least?

And people keep calling these mortgages "toxic assets," and while the mortgages might be toxic, the actually properties aren't. The properties are worth something. So I really don't get it.

I think the government should have just divided the money up and given it in equal portions to every adult citizen who makes less than a million dollars a year. It might have been cheaper in the long run, and better for the economy.