Thanks for the background.  It is difficult for those of us without experience in that industry to evaluate the consequences of proposed actions.  Same for Congress.  Thanks also for the link to the Jessie's Cafe article on default swaps.  $54 trillion in bets!  Any sense how badly which firms will be hurt.  It is trying to finance the unwinding of default swaps that I find most inappropriate for the US Government to underwrite.  I cannot see how the taxpayer gets any value for such expenditures.

"It is not necessary to have hope in order to persevere."