The value of the actual mortgages in question is significantly less. 100-200 Billion or so. If a "bailout" is to be established, the money should go to buyout the mortgages of defaulting homes and that's it. I'm against any bailout whatsoever, but thats besides the point. This is a stickup robbery by Wall Street and financial elite. Buy their worthless paper or face a financial crash. Too bad either way, you get screwed. This is a serious power grab, but it is sloppy and rushed. This might be the awakening the world needs.