It seems the government is going to make a habit out of bailing out people and companies caught up in the mortgage chaos. Some see it as a good thing. Tax payers should be up in arms. It is taxpayer money that will do the bailing out ? the government has no money of its own.
The banks and lenders that you are not hearing about during this crisis are the ones that stuck to tried and true methods of mortgage practices. Lenders that checked borrower's ability to pay and borrowers that only received loans that they could afford get little attention during the mass of foreclosures going around. But it is these companies and these lenders who are some of the taxpayers that are being forced to bailout those that chose a shakier path.
Maybe the bailouts are a good thing for the economy. Investors seemed a little more confident in the market and the changes over the weekend did give the American dollar a very small boost on the world market (although it was so slight that you might have missed it).
The bailouts will not mean anything if practices of people and companies do not change. The Federal Reserve did release new regulations regarding mortgages, but even that won't be enough if consumers refuse to become more educated about debt. Eventually the government coffers will be empty (or taxpayers will get wise to who is actually footing the bill) and then who is going to bailout all those that didn't learn the first time around?