Stringsinger, your post of 22 Sep 08 - 05:38 PM is a gross misrepresentation, particularly where it involves insurance companies and mortgage lenders. You state that:

"Debt has been socialized while profit has been privatized.

In short: Corporations profit from the bailout.
The public gets screwed."

So your solution would be to let them go to the wall is it? Tell us what would happen then Frank? After all the debt does not go away.

For all those people paying insurance premiums, or relying on insurance pay outs, they would then have to find another insurance company and pay what outstanding claims they have against their existing policies.

With the mortgage lenders going under, all debts would be called in, thereby throwing the vast majority of their customers out of their homes.

The knock-on effects of the route you would appear to advocate would be catastrophic for a great many people Frank, but then as always that's the "socialists" way of looking at things, make sure the ideology is right and never ever look further than your nose.

Oh and by the bye Frank the money given by Government is a loan it does have to be paid back, I dare say all that Supposedly "privatised" profit will be used for that.