WHO IS GETTING BAILED OUT

I understand that if the government does not do anything about the current financial situation, that things could really look bad; high unemployment, closure of businesses, basically a situation close to what was seen early in the century. Now that 700 billion (and I could not imagine 80 billion in my previous post)is being proposed to rescue and bail out financial firms on Wall Street, I wonder: Are some of these benefits going to "trickle down" to me, to you or your neighbors, and or relatives? Is their mortgage going to be lower in interest? or at least revised to allow for more realistic payments?
I also understand that a lot of regular working people got greedy and thought that by taking on two loans or buying a home that was out of their "budget" was a bit of a stretch and this combination of greed between the little people and those holding the purse strings is what has us in this mess.
So who are we really bailing out here?
I am not sure that anyone has the answer.
Our "fine" Senators are looking really like they are for the people as they give a tongue lashing to Paulson and Bernanke during this morning's Senate banking committee hearing. These same Senators however, are the ones that have the power to regulate, control, pass legislation and in essence police Wall Street. These same Senators have probably rubbed elbows at some point with all the Wall Street big wigs and intervened on their behalf to help or obstruct legislation that will benefit both.
So again, who is at fault in all this mess? It seems that we all have a certain degree of fault and maybe that is why we should all be "bailed out". Instead, and according to Senator Enzi, who is part of the committee, each tax paying American will be "contributing" $2300.00 to bail out Wall Street.
I can tell you this is not end of this fiasco. There is more to come and more to bail out.

GOVERNMENT BAILOUTS

Last time I checked it was in socialist countries where the government took over private or public owned companies. No matter the reason, whether to rescue them or for nationalistic pride or whatever you want to call it. Wasn't it just recently that Bolivia made a move to nationalize its oil and gas reserves?

The U.S. Government is now poised to "own" 80% of AIG at the low bargain price of 80 billion. I can't even picture how much money that would be if it was all piled up in $100.00 bills. I know it is only a 2 year loan however, if you have to bail me out and pay my mortgage off, how can you expect me to pay you back in two years?. AIG will not pay back and the U.S. will own a bunch of nicely appointed offices around the world until a "buyer" comes along to buy it from the government at a discount. That is precisely what happened in Mexico a few years ago when the government "nationalized" and took over failing companies because of the recession in the late 80's then it sold all those companies to well connected friends within the presidency.
The argument is the same as with the rescue of Fannie and Freddie
. If the government sits and just watches without doing anything about the mess, the entire world financial system will collapse because of how inter-related everything is.
I am sure that there is a lot of true to that and maybe I am just thinking small potatoes and fail to see the "bigger picture".
Who are we helping and rescuing here? Is it the institutions themselves or a bunch of highly placed investors with lots to lose.
Why not bail out our health care system instead and put that 80 billion dollars to better use?..
maybe we might just lead a new revival of true socialism.