Holy shit! That is all.

Actually, no, I have a lot to say about this..

First of all, this is further proof of two of my predictions coming true; 1) multi-billion dollar losses will be bourne by investors 2) CMBS + RMBS losses will exceed $1 trillion dollars. I was the first to say it, as definitely the first to have constantly backed it up it evidence (documents, powerpoints, videos, etc -- pretty much everything on my website).

Second, this is a HUGE LOSS to the hard-working average American taxpayer. If you are reading this, you are officially a victim of the mortgage backed securities racket ive been warning about ever since I started my website in February of 2006. The $2,000 cost figure ONLY accounts for the cost of this specific bailout and does not include the losses already borne by investors, pension funds, home owners, and indirect victims in around the world. Also, the $2,000 cost figure includes children. The losses plus the cost of this bailout are easily over $2 trillion dollars.

Third, THE MONEY IS GOING TO THE WRONG PEOPLE!!!! Dont give the crooked banks $700 Billion, theyll squander/steal it. Instead, give each home owner $10,000 ($700B payout divided by aproximately 70M homeowners), that will be much more effective. This is rewarding the banks for screwing American taxpayers (stealing their investments) and American homeowners (stealing their homes). What lesson does this teach the banks for the future?

Fourth, as a result of this the USD is worthless.

What a shame. I have more to say, I just need to calm down and update this page later..