So what exactly is this new $700b bailout by the US Govt.? It’s a massive investment by the US Govt. buying a large amount of risky securities on margin.

When Treasury Secretary Paulson was asked what would happen if the bailout were to fail, he responded, “it has to work.”

If this risky ordeal were even to succeed, how will tax payers even be informed of the net gains, when the details of the securities (pricing, risk, etc) are not even being revealed?

So in short, whether the proposal succeeds or fails, Americans lose.