I know this isn't supposed to be a political blog, but I just have to say "No Bailout, No Way".
I like to consider myself fairly self-made. My parents gave me a good start, but they didn't hand me a set life. When I decided to marry my beautiful bride I knew I had to support her, so I joined the Navy in order to provide for my family. In that time we made some mistakes and ran up some bills. Instead of filing for Bankruptcy we put in a payment program and we become debt free next month (5 long years later).
While we were paying off this debt we knew we would be stretching ourselves to buy a home. Instead we rented for 4 1/2 years until we were able to get a Fixed Rate mortgage and live within our means.
Now people are planning to take MY money and reward those people for gambling with their money. Where is the right in this? Let the market correct, let the gamblers lose, let the failures fail, and STAY OUT OF MY WALLET.
It is not the job of the government to step in and save everybody when they make bad decisions. Small government, personal accountability, let me keep what I earn.
Thus endeth the sermon