IS this how you feel about the bailout?

[ThriftoRama]

Main Street's Rage at the Financial Crisis

"As to how a multibillion-dollar bailout will come to affect her generation, she says: "I'm intrigued that the government is willing to pump money into corporations who have successfully pumped money into CEOs' pockets." She, too, regards this as further evidence of the strange, distorted reality that prevails on Wall Street. "It was supposed to be that if you worked hard, you would benefit. And if you worked harder, you would benefit more. Now it seems to be the reverse. If you break your back working 60 hours a week, you make $12,000 a year. And if you work in a penthouse overlooking Central Park and take long lunches, you make $12 million."

[Broken Arrow]

I don't like that part either.

It's just that, without this bailout-- not designed to bail out CEOs, but rather, to restore the confidence of the industry by offloading its toxic debts-- the consequences could be even worse than what we are currently experiencing. So, the situation here is having to choose the lesser of two evils.

I suppose the details on the bailout could be debated. It certainly is on Capitol Hill, and is the reason why the bailout is being delayed.

For what it's worth, many CEOs and key market players involved have also lost substantially. But perhaps it still doesn't help to see certain CEOs get away with millions for apparent failures.

Update: The bailout didn't pass.