Trust me...this time we understand our financial instruments

The "guy on main street" is going to be able to get involved in the up side of the Wall Street bail out! Just listen to how confident the bankers sound!

From the article:

The funds, the thinking goes, would buy troubled mortgage securities from banks, enabling the lenders to make the loans that are needed to rekindle the economy. Many of the loans that back these securities were made during the subprime era. If all goes well, the funds will eventually sell the investments at a profit.

“This is an opportunity to forge an alliance between Main Street, Wall Street and K Street,” said Steven A. Baffico, an executive at BlackRock, referring to the Washington address of many lobbying firms. BlackRock, a giant money management firm, is playing a central role in the government’s efforts and is considering creating a bailout fund. “It’s giving the guy on Main Street an equal seat at the table next to the big guys,” he said.


Does anyone seriously expect this to fly? Fool me once, shame on me fool me twice...well I don't have the cash to get fooled a second time.

Didn't the "guy on main street"just get taken to the cleaners as the value of their houses AND investments have plummeted? Where are they going to scrape together the cash to make these investments? Isn't the federal government supposed to be our representative at the table with the "big guys"? We are still LIVING THROUGH a crisis that was based on new, untested financial instruments, now we want the "guy on main street" to put up money again?! Does my "seat at the table" entitle me to the same contact with the administration as the CEO of one of the companies receiving bail out money? A better question...WHY ARE WE STILL LISTENING TO THE SAME PEOPLE FIRMS AND MODELS THAT GOT US INTO THIS PROBLEM IN THE FIRST PLACE?!

What kind of comissions are the money management firsm going to be taking from the "guy on main street" in order to manage his investment? The more transactions that must be taken, the more people end up taking their cut. If in fact the "guy on main street" is going to be protected form loss, then why not just let the federal government administer the whole thing and socialize all the benefits to EVERYONE on main street, not just those fortunate enough to have gotten through the crisis so far with cash left...CRAZY.