The bailout helps the wrong people

Why are we bailing out the companies that made awful financial decisions and brought the mortgage industry to their current crisis?

What about buying out the "bad mortgages" directly, allowing the people who had these mortgages to stay in or get back into their homes and give these people low to sliding scale interest rates based on their income and ability to pay?

Wouldn't that help our economy, to have citizens in their own homes reaping the benefit of our buy out and not the sleazy corporations that ran up huge mega bad business mortgages sucking innocent home buyers into situations they couldn't deal with financially?

I'm sure the CEOs and heads of these companies aren't hurting financially and have made their big bucks that the government won't touch.

What a shame, this government bailout is directed in the wrong direction, of course: Help the rich get richer.

Maria Bell

Chicago