$700 Billion Bailout

This bailout would be the biggest transfer of wealth in history, from working Americans to predatory lenders and those who supported them. If I'm going to bail out a corporation, the shareholders should be wiped out. The government should own the company, and should auction it's shares or assets at some future date.

Otherwise we are going to repeat this exercise in the future. Those companies which are "too big to fail" would be free to take outrageous risks in pursuit of higher profits. That is a recipe for disaster if I ever heard one.