Paulson promotes Wall Street bailout as plan to help homeowners

Right. And Iraq has WMDs. Give me a break with this government sponsored bailout. It's all about helping Wall Street get past an ugly period just long enough for them to see a few decent numbers. As soon as that happens, the homeowners who bought into this rubbish will be thrown aside just as they were thrown to the wolves in the first place. All the GOP ever does is bail out its friends. I still groan thinking of the multi-billion dollar airline bailout, wondering where the hell my bailout was when the tech market tanked. No sooner did they receive cash from taxpayers did they sign up multi-million dollar executive teams who still couldn't run a company into profitability if their life depended on it. Let's not forget about the even worse service and cramped spaces in the airline industry.

We should have learned out lesson many times over but no, we're about to witness yet another unfair bailout that does little more than delay the problem. What happens after the rates go up? Will buyers be making so much more money that they can suddenly afford the payments? This bailout also is a slap in the face to everyone who didn't buy into this get-rich-quick scheme created by Wall Street. Average Americans who paid their bills with traditional loans are being punished because they simply did the right thing. At least some are suggesting lawsuits against this plan, though unfortunately, the legal threats seem to be limited to other financial organizations who still want their pound of flesh from this greedy subprime program.

Only a fool would believe Paulson, former Wall Street hotshot, when he says this bailout is for buyers. Just how stupid does he think Americans really are?