Also, another friend passes along a great read from NPR, a transcript from a recent show that does a good job of explaining how everything went to hell. It certainly helped me make sense of things.
No one wants a broken economy, and if the bailout would prevent bad things from happening to good people, then fine. But I think a lot of us want some "punishment" to the idiots who made bad decisions, which after all, is what idiots do, because they didn't listen to Dwight Shrute:
Whenever I’m about to do something, I think, “Would an idiot do that?”, and if they would, I do not do that thing.
Who are the idiots? Well, I guess there are two classes of them, the people who took out loans they couldn't afford and the people who gave them the loans. Being the neopopulist that I am (Does that word exist yet? I don't think it does, so it can mean whatever I want it to mean), I'd prefer that we err on the side of hammering the idiot bankers, if only because they were getting paid too much to begin with.