The financial problems comes from 8 years of messed up politics. The main company in question for the bailout has assets all over the world and it's not just US investors. Insurance companies who have something at stake are gonna lose something and it'll mess up their own countries.

http://seattlepi.nwsource.com/busin...ing_crisis.html





The UMD, I never believed in. I read too many reports that there never was that problem. But that's a different subject.

One of our local banks is being bought by Chase Morgan. Most people in Washington (state) believe that Chase Morgan will close down Washington Mutual. Yes, THEIR problem was lending to people who they shouldn't have. That's already a no-brainer with the housing bubble bursting.

And for more fun reading...





http://seattlepi.nwsource.com/busin...stigations.html



And if you want to pick on the gas prices, it's not like Health Insurance costs aren't a problem either. In any case, it's still BS that the US has to bail out this company instead of other countries getting in the act and helping.