So, it passed. It feels like Congress was forced to do something, but of course they couldn't be forced to do anything the least bit creative. The end result is that they did this...

Now the American taxpayer is burdened by $700B in debt (to start) to back up bad loans that will pay absolutely nothing back.

Am I right about this or aren't I? It seems like what we should be doing is pouring investment into the few banks left that made good decisions to finance their buyouts of banks that made bad decisions... Why let the worst banks continue to exist??