From everything I've read and based on everything I can understand, the end point remains much farther down. All a bailout will do is prolong the pain; let them fail and get the worst over with.
So, why am I against the bail out? There is no accountability for people who put us into this mess. The policy makers in congress who decided that home ownership should be a universal right. Excuse me but, where does the constitution or declaration of independence guarantee home ownership for free? It doesn't, it only guarantees one's right to life, liberty and the pursuit, not entitlement, only the pursuit of happiness. What does this mean? It means you can dream about the things you don't have and want, but you have to work to get them.
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