agree. The house market ultimately relies on the job market.

This bailout plan can only harm the job market as the money is put to the worst place. So I believe the recovery of this crisis would be a long process. It does not exclude the near or even mid-term rebounce of course. But forget about a V-shape bottom.

Paulson was a trader. So he is tackling a fundamentally difficult problem with a trader's approach, i.e., gambling and spectulation. He will certainly fail unless he has some hidden agenda.