The proper operation of the free market parts a fool from his money , leaveing most of the money in the hands of the non-fool population.
The spectre of very many homeless fools is so daunting that practly no one is in favor of a totally free market .
The Government is not giveing money without strings , they are demanding some particular fireings and some intrest payment that will transfer the profit to the government on all the loans it is rescueing.
If successfull this move will let most of us operate as normal , noticing only that the availibility of mortguages has become more difficult.
Doing nothing would collapse a critical part of our economy resulting in less confidence from forign investors and a nearly impossible qualifacation and down payment for new mortguages , in few words , very tight money.
I think the Government has done the best thing it could have done faced with this emergency , not the best thing it might have done earlyer to prevent it tho.
From now on 10% down will be a norm , without the bailout , 30%.