If the banks and hedge funds succeed in convincing the government to bail them out, you’d probably be surprised how many of these they could salvage. Let’s say there are 1M households that need an additional $10K/year in help to make their payments, then that’s $10B. The government probably spends that much every month in Iraq. Be afraid, be very afraid of the bailout, it will hurt everyone who saved and was responsible and help all of the irresponsible ones, most of all the banks that made these crazy loans in the first place.
