New Bailout - Quick Version

The current economic collapse was largely caused by hedge funds making highly risky, poorly thought out gambles on sketchy assets.

In order to save the economy we'll form a new hedge fund to make highly risky, poorly thought out gambles on what have now proven to be very sketchy assets with tax-payers' money.

Brilliant! The market was certainly happy though. Then again in our current economic structure there's Wall Street and Main Street and never the twain shall meet.

Yes, things are quite a bit more complicated than this, but bottom line the new bailout plan does boil down to this, and that's not good.

(I'm sure somebody else has said something quite similar to this, we'll add links if we come across it)