(article here)
The hush hush part of the bailouts, what receives very little in the way of news coverage, is the fact that the government is stepping in and backing loans with little in the way of review or public discourse. As Bloomberg points out the grand total pledged thus far is 9.7 Trillion. 13 times what has been spent on the war on terror, enough to cover 90% of all mortgages in the states, and send $1,430 to everyone on the planet.
Of course that doesn't cover the new Porkulus bill, so we will be even deeper in the hole. And there is another bill in the works to back bad credit card debt. So if that doesn't make a dent in your thinking, think of it this way, in addition to paying your mortgage, you are now on the hook (via taxes or inflation) to pay the dead beat next door's, and the one next to that and the one next to that. And soon you receive the privilege of paying his credit cards as well.

