OK. $700 billion more, on top of the $1 trillion for Freddie and Fannie. Granted, that may not all be a loss.

If that $700 billion is simply going to help Wall Street and bankers feel better about their investments and open the credit faucets a bit wider, why not inject the money back into the markets by helping owner-occupied housing with their payments?

Inject the money back that way, making those distressed securitys valuable again by seeing they are paid?

This way the folks dabbling in highly leveraged (read "margin") deriatives of deriatives, who did nothing to help the economy with these investments, are covered.

The homeowners are not.

Doesn't seem fair, right or, really, honest. Could have done the same thing and helped both classes.

Arf