Over the weekend, all sorts of goodness blew up. Most of it in the form of the announcement of a $700 billion bailout for Wall Street financial firms. Of course, there are some main questions that many are asking:

1. How are homeowners being helped by this bailout plan?
2. What is the value of the assets to be bought out?

This second question is addressed by National Mortgage News:

"The biggest outstanding question is how the price of purchased assets
will be determined," said Merrill Lynch analyst Akiva J. Dickstein in a
new research report.

This is important because if the government is going to buy mortgage backed bad assets, it is going to become necessary to figure out how much they are "worth" and then figure out how much the government is willing to pay for them. And, down the road, they will need to be sold by the government — if anyone still wants to buy them at that point.

Rage on Main Street

This help for the investors and CEOs, though, is prompting some outrage outside the confines of Wall Street. After all, the ordinary people with tanking retirement accounts and homes in foreclosure are not seeing the same kind of help. This is causing some unrest amongst those that think this bailout is too generous to the Wall Street "fat cats" that basically orchestrated this mess to begin with.

What do you think of the government’s $700 billion bailout plan?