Mr McIntyre (a simpleton) has failed to complete the calculation with any logic what-so-ever. This is not a housing crisis. This is a day of reckoning to the investors and citizens of this country and around the world that now have to pay the tab for a bunch of non-productive people to earn their "millions". Key word being "productive". Wallering around in other peoples money produces nothing except costs. Return production to the US and regulate everything that humans are in control of. No brainer even for a simpleton

You must read this book to really understand how USA got to this mess you may change your vote?

C R Geisst - Undue Influence - How The Wall Street Elite Puts The Financial System At Risk

extract from the book below

In late 1999, a Republican congressman held a party in Wash­ington to celebrate the passing of new legislation destined to have a profound effect on Wall Street and the entire finan­cial industry in the United States. Despite the date on the law, the principle upon which it was based actually had been a cor­nerstone of the Reagan revolution 15 years earlier. The party seemed a bit late.

The centerpiece of the affair was a large cake bearing the message “Glass-Steagall, RIP, 1933–1999.” Sipping champagne with one of the new law’s sponsors, Jim Leach, Republican from Iowa, were Alan Greenspan, chairman of the Federal Reserve Board, and various Treasury officials and congressmen who had been instrumental in getting the new legislation passed, finally repealing the most talked about law of the twentieth century. After years of failed efforts and false starts, the Banking Act of 1933, as the Glass-Steagall Act was officially known, had been erased from the books and replaced by the Financial Services Modernization Act of 1999, the Gramm-Leach-Bliley Act. The champagne flowed and congratulations were offered by all.

Any taxpayer that votes to keep any elected official that allowed this bailout crap to take place, to remain in office, is just as bad as the politician themselves.

Banks are crying that they need more bailout money from the average US taxpaying family, earning less in a year than the freebie bonuses thay are paying out!! This is outright corporate theft. If our government can't put an end to it, then the taxpayers of this country need to take matters into their own hands to put an end to the coruption. Maybe public lynchings would make these greedy bastards think twice before they steal our hard earned money!!

instead of the failed trickle down make the funds available for those who will work for it and watch this economy go

If the government was able to put 700 billion into the economy and there are less than that many people living here in the us you realize they could have given every single person living here 1 million dollars each and still had money left over. now i ask you wouldnt that have boosted the economy much better than giving that money to the the "big" bussinesses who are in someones back pocket ?? i think the government is a big failure with this one...

watch what a lame duck does with another blank check

$20 trillion is way too much. The assets that lost value were overpriced in the first place due to the housing bubble. So you can't compare the highest point when the were way overpriced to the low point. If you compare housing prices from 2000-2008 you will see the 2008 value is still greater than the inflation rate and income increase for the same period, so houses are still overvalued.

This bubble burst is just resetting values to where they should have been. The financial crisis is due to stupid homeowners thinking they could borrow the excess value and also dumb investors thinking housing prices could climb faster than incomes forever. Its not possible.

What's strange is that the so called experts didn't know basic economics that housing increases can't outpace incomes. All should be jailed or fired. No bailout, just more bail and jail for Wall Street, Banks, The Fed, and the Bush administration!!!

I'm with pissed off taxpayer.  To be blunt, these poeple are the real terrorist's, not the defense department backed mula's that hit the twin towers.  They are called domestic terrorist and their goal is to raid the US Treasury--it's flat out treason to the american people.

It's time for a revolution and they are never pretty.  If the middle class ever gets a true leader, not the monopoly driven, corrupt parties in DC, WATCH OUT M-F's.

dont be silly about giving the people a million each to restore the economy, they are not responsable enough to run the economy or the goverment, trust the big boys. egads! what if people had the right to vote

I'm with "pissed off taxpayer"....get out the torches and pitchforks. The greed and arrogance of these theives is matched only by that of our elected officials who are supposed to protect and govern. The bailiout is an abomination that rewards the theives who gave credit to the adult children in this country who want everything they cannot afford at the expense of the fiscally responsible.

No money down!