No bailout can work – the problem is too big. Many events have already occurred for which there is no “bailout” solution.
Government is too disorganized, and the loans are in too many locations (bank’s portfolios, FNMA, CDO’s, hedge funds, etc. etc).
I am sure that many bailouts will be tried.
We can only hope that the fallout does not affect the rest of us too harshly.
I think that a lot of the people on this site forget that, to a certain extent, we are all in it together. The coming crash in real estate prices will negatively affect the demand for many different goods and services. Hopefully, our livelihoods are not affected, probably only true if you work for the government.
