Let's see if I got this straight. Let's say I'm a bank (ok, you're a bank), and I loaned a million dollars to people to buy some houses. Now on my books, I say I'm worth 2 million dollars, because when everybody pays me back with interest, I'll be worth that much. So since I'm worth more money, I can loan out even more money, so I do. Now I realize that those people aren't going to pay me back, and I have to foreclose on them, and suddenly on the books, I don't have all that money I said I did. Uh oh, financial crisis. Along comes the Government who wants to bail me out. But first, before the house will agree to bail me out, they first want to make sure I get some tax cuts, and they do. So now the Government is going to buy my bad loans so I can take them off my books. So apparantly, the people who I foreclosed on are now houseless, and owe the Government the money. I've been paid. I still have the house because I foreclosed on it. I got the tax breaks. This is a great country. And here's the real kicker. Let's say I owned the houses that I loaned the money for in the first place. That would mean I loaned somebody money who then gave it to me, but then couldn't pay me, so I took back the house and the government gave me the money, but only after they made sure I got a tax break. This is a really great country.
Two middle fingers up to the bailout.