This article says that the U.S. has spent or pledged $9.7 trillion on the bailout so far and that amount is enough to pay off 90% of the nation’s mortgages:
So obviously the OP is on to something. It looks like the Bush administration bailed out a bunch of Bush’s cronies while the whole time saying that they were looking to help out with mortgages. What a crock. I hope that Chimpy MFer ends up in jail.
