Rick is right, we all need a bailout.

Looking back at history, whenever you have pundits telling you that things have changed it is time to think critically. I remember during the dotcom boom when "analysts" said that dot com stock shouldn't be valued on earnings but business model; that the rules have changed. No they haven't! Several years ago the talking heads were saying that you should get a ARM or a interest only mortgage if you were only planning to stay in your home for a few years, because you would just sell it at a profit. Trees grow to the sky you know. ARMs are now readjusting and we are expected to bail them out with taxpayer dollars. Why? If people got in over their head that is their own fault. If they were taken advantage of by a less than reputable mortgage lender that is different. If government wants to subsidize the gullible and greedy that is wrong. Why not subsidize all of us with lower interest rates. If you were conned by a bad mortgage lender you can refinance into a lower rate and be fine. If you had a credit rating in the 500-600 range you are still struggling. But if you"played by the rules" as Obama likes to say, you get a lower mortgage. We all win. A refi is as good as a tax cut. Saving $100 a month or saving your house is a huge boon for the economy. I don't care of all of my neighbors are being foreclosed upon if they were irresponsible, saving several hundred dollars a month will do alot more for me than keeping my home value propped up if I am not selling.
A quanitative easing to subsidize interest rate will do alot more to jump start the economy than subsidizing the daydreaming affluent want-a-be's. Give us low interest rates and the wheat will seperate from the chaff and the responsible and the exploited will be rewarded.

The pie in the sky crowd will get their just desserts.