What the hell? According to White House spokesperson Tony Fratto, "You have to remember, these are not all weak or troubled firms that own mortgage-backed securities. A lot of them are very successful banks and investment houses that have done very well, have been responsible, are holding performing assets that have value. They were not necessarily irresponsible players, and so you have to be careful about how you deal with them."
So they expect us to spend $700 billion dollars to bail out successful companies?
I call bullshit.