The government figured they would ask for 700 billion dollars. They didn't have a plan exactly, just a dollar figure. They say it was going to banks and insurance. Then the auto-industry collapsed, so they need some too. Circuit city declared bankruptcy, where is theirs. You see, the economic bailout has kind of become similar to opening times for a store. I worked retail and service for years. On every location, there was a posted opening time. Now the big debate always came when a person would come to the door early. It is only 5 minutes, do you open it up for them, so you do. Then a person comes 10 minutes early and 15 minutes early. At what point do you stop letting people in. What good has your posted opening time become at this point.
For Henry Paulson it is even worse. He created this nightmare so don't give him any sympathy. He has to deal with customers coming and asking for bailout money and he doesn't even have a store hours sign to fall back on. All of these programs are slippery slopes, you go down but never get back up. It leaves the taxpayers asking when does it stop. The best thing would have been to never have opened up to begin with.