What is the bailout of banks?
If you are asking about the Sept 2008 bank bailout, here is the answer.
Bush administration wants to pay more than the price a pool of mortgages is worth on the open market.
This is in esssence a gift to bankers. Think of a mutual fund or stock you have bought and lost money on the investment. The banks and stock brokers made bad investments on sub-prime mortgages, and now want the taxpayers to give them free money to bail them out. If that happens, why doesn't the government give you a check to bail you out over that stock you bought that went down in price?
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