The 800 Billion it'll Be OK Fund

So where to begin? No really, this is stupefying on a level I didn't think possible. Now this could have gone down worse but not by much. Look we already know at this point they are just making up numbers. That much has already been reported. When asked why 700 billion the response was, we wanted to ask for a high number. Well, I don't even know how to respond to something so blatantly greedy.
Now I have stated that this could have gone down in an even worse way. To the credit of the United States government they at least took out a loan. Now I know it's bad when you praise a loan; but the only other alternative for most of those in the House and Senate where willing to accept was to print the dollar into oblivion. So what does this mean to you and me? Well that's to be seen.
To a good deal of people who where either misinformed or just stupid it means that they will be able to keep their homes. Which is a good thing. I am all for home ownership, as long as you know what you are getting into. Don't get me wrong I don't completely blame the people on this, they where told that they could live way outside their means by the banks. So blame will and has fallen on the banks in at least in some part. Some have even gone T.U. but with the bailout we may see saved. Once again only time will tell.
So what "we" have agreed to when we bailed out the market? Basically it is that "I know you have messed up. Now if I give you a lot of money do you think you can be more responsible?" Look, most of us in this country are or at least give lip service to believing in the free market. Part of that belief is the belief that it can take care of it self. As Wachovia was going under bigger banks that could whether the storm where already lining up to buy it. So people would still have their money it would just be under different name. That sounds a lot like the market fixing it self. I am not saying we should not punish and throw away the key to those that stood by and let it get this bad.
But Texas Republican Jeb Hensarling said it best "How can we have capitalism on the way up and socialism on the way down?" A valid question if I ever heard one.