The deal, which needs approval from George W Bush, will mean American taxpayers buying potentially ruinous ??toxic? debts run up by the banks.

The crisis was originally sparked by a slump in the US housing market, with millions of so-called sub-prime borrowers defaulting against their home loans. However, with the entire financial system shaken, experts had warned that without a bail-out the American economy could have faced a second Great Depression.
Banking bailout gets backing from congress - Telegraph

Dumb asses the borrowed the money and dumb asses gave it away. McCain warned of this with Fannie and Freddie but the dems feel that EVERYONE has a constitutional right to own a house whether they can afford it or not.

Check out the approval rate for Congress....they have really taken a hit since "06". Isn't that when the dems took over?
Congress: Job Ratings

Have a good one!:s4: