So, does anyone understand how this bail-out package is supposed to be working? Or generally what the cause of this economic mess is? I understand giving out inappropriate loans like candy, I understand selling shares of that debt. I understand big insurers suddenly getting nailed to the wall, but what exactly is the plan here? Is the interpretation of Paul Krugman via Talking Points Memo correct in suggesting this is basically just free money for a lot of companies which are demanding with their free money they get no further regulation? Because that sounds like a bad deal. It sounds like getting mugged.
Or are these companies going to buy us all ponies and/or plasma tvs? What's going on? Why does this plan make sense?