First, let me say that my knowledge of financial systems and market forces, etc, is limited to what I see on the news and reading my 401(k) statement.
That said, it doesn't make sense to me that $700B in taxpayer money is going to change anything.
This seems like just another fiasco created by Bush and the regressives in which they are looking for the plebes to bail them out.
Where would it end? If we give 700B now, even the White House said today that might not be the end. We could be on the hook for years, bailing out company after company. Do we really want our markets artificially inflated by taxpayer money? Couldn't this lead to even bigger problems?
Lance the boil and re-regulate the markets. Short-term "fixes" are not what we need. Long term strategy, to include re-regulating the markets is the right answer, IMHO.