What's the point of talking about this one huge mega bailout (aka 700b bailout) if we also....

[Locut0s]

are going to have individual bailouts of each mega cooperation that teeters on the brink of bankruptcy. In the end seems like to me these individual bailouts are going to add up to something similar anyway, the AIG bailout and money already given to other financial firms is already in the hundreds of billions. Now we have the auto industry bailout and just recently talks of bailing out CitiGroup. Yet they are still talking about the idea of a grander overarching stimulus packages in the 3/4 of a trillion dollar range. Do you think this is something we will actually see happen or will we just keep seeing these emergency packages for individual companies / industries?

[OwnedByFerrets]

1. All it boils down to is the largest bank heist in history.

[Locut0s]

2. Unfortunately that sort of goes without saying. I do think that SOME of these bailouts may be needed

I think some of these companies may be keystones in the current economic fabric and letting them go may hurt more than help but only some and the way things are going now it's looking more and more like a big corporate X-Rated money orgy.

[pampango]

3. I believe the funding for this one comes from the mega bailout funds.

"The $20 billion cash injection by the Treasury Department will come from the $700 billion financial bailout package. The capital infusion follows an earlier one -- of $25 billion -- in Citigroup in which the government also received an ownership stake."

http://biz.yahoo.com/ap/081124/citigroup.html