After all of the drama last week, members of both parties in Congress, along with the the Bush Administration, have come to an agreement on the proposed $700 billion bailout. While those banks that are "rescued" with an influx of capital will likely benefit, it is unlikely that the liquidity is going to "trickle down" to more ordinary folks with home mortgage payments they can’t make.

Indeed, while the bailout may keep the current economic status quo for the most part, it does precious little for the average American in a way that directly impacts him or her. BloggingStocks reports on why the bailout is unlikely to have a direct benefit on individual Americans with home mortgage payments:

Banks which get bailout money may be no more likely to grant or
refinance mortgages than they were before. When these banks could
borrow tens of billion of dollars from the Fed, they put the capital
toward reserves. They did not want the risk of putting more capital
into the housing market.

The truth is that the bailout does almost nothing for the person
struggling with mortgage payments. The systems does not want to give
him money because the value of his home may drop another 10%, or maybe
more.