Strange, I thought Paulson, under Bush, got the $700 billion bank bailout? The good news, everybody read it, it was only 3 pages long. Where else could you get $700 billion other than from Bush et al.

http://useconomy.about.com/od/critic...vt_bailout.htm

I believe the thread was started regarding the Obama foreclosure plan, which is seperate from the Bush bank bailout plan.

I don't believe doing nothing at all, regarding the banks, AIG etc. was the answer, but what the heck the correct answer is I don't know. Should we even have a foreclosure plan is another question.

The article stated Obama wanted to allow judges to modify contracts in order to allow owners not to default. That's a real stretch and where are the controls on that. If that's why the program failed, they should have scrapped the whole thing. Plenty of issues as the article points out.