And this is the short answer: the “crisis” has been happening for five years already. Now a small group of CEOs pull an Enron-style rip-off, get on TV and scream that the “End is Near” so they can fleece us all of $700B+ while dumping all of the semi-rich people who work under them and have not yet lost their homes. There is no “crisis” all of the sudden, it’s been here for a long time and now suddenly a small upper tier of the population is getting a taste of the havoc they wreaked on the rest of us, while their even richer overlords (who are the ones who have manufactured this whole scenario in the first place) run away with all of their money + all of ours, once this bailout passes (which it will). As a few have pointed out, in many cases it was mainly unpayable medical bills that caused people to lose their homes, and once this $700B bailout becomes law, it pre-emptively prohibits whatever next prez from making any healthcare plan, because we’ve already given that money with no preconditions to the richest a$$holes in the country. This bailout is the very thing that will bring about the financial apocalypse that these people are pretending is at our doorstep now.