At the risk of getting called an idiot, yet again, I'll comment that while I agree that the bailout may be needed, I am not sure these are the bailouts you are looking for (waves jedi hand).

Washington Mutual? They tank, even when they have credit card divisions that make tons of money? Dude, that should tell you they are all full of the stupid, and maybe its a good idea they get bought out.

I haven't seen any of these firms get shuttered, or closed down permanently. They are all getting bought out by other firms that invested more wisely, aren't they?

Selfish greedy bastards that are being asked to help out other selfish greedy bastards that helped pay for them to get elected and enjoy lifetime benefits you and I can not dream of. Stocks fall, everyone dies. Roll up new characters.

And will this save the economy of America?
Or does it save the economy of private businesses, at the cost of the economy of America? Where is the $700 Billion coming from? Who is gonna pay it back? And then who is going to bail out the Social Security program? China?

I am just not convinced that this was the last best solution.
I can bet that the hue and cry that gets raised from regular folks may actually get Bailout Version 2 written up, and passed quicker.