Peter,
I admit that all the points you made in your post are legitimate. However, you've only argued one side of the issue. In my opinion, every concrete argument at least attempts to examine both sides of the playing field. You obviously failed to do so. UBS has also accomplished several things that helped the US government and the tax payers. I would suggest before you write your next post, research the issue more thoroughly and then you can legitimately convey your personal opinions.

DEMOCRAT CHRIS DODD AND OBAMA ARE AT THE TOP OF THE LIST RECEIVING MONEY FROM FREDDIE AND FANNY.
LOOK AT THE LIST OF CROOKS THAT ARE WITH OBAMA, THIS SHOULD TELL AMERICA SOMETHING , CANNOT TRUST OBAMA

Here's the scam america.The lemon investment instruments that FED will bail out are COM's CMO is backed by mortgages. The mortgages are obviously in default; therefore,the investment instruments are not salable.
Since the Reagan era and all through the Bush administration, republicans have deregulated Wall Street; in order to,create a speculative economy.
The nature of a speculative economy is high volatility and high risk.
Wall Street was obviously wrong about the real estate industry.
The real estate bubble bursted and the plan is for the american tax payer to cover the loss.
It's not the first time, nor will it be the last time unless the economy becomes labor oriented rather than finance centered.
Republicans have been working on the shifting the economy to be finance based since previous to the GREAT DEPRESSION.
A finance based economy can only favor the upper class.
The nature of a speculative economy is that at any moment the economy can collapse due to misjudgments made by Wall Street executives. And so...the parachute for the economy is to pass the loss on to tax payers.
You can consider the bail out to be a multi billion dollar unrecoupable bill for american tax payers.
If you want an ultimate solution to the problem, government policies must favor a labor based economy.
Vote Obama and SAVE THE NATION.

US has lost 45Billion on crappy US bad loans...should the swiss taxpayers have to pay for crappy US government business dealings.....along with the rest of the western world!!!

McCain selected Gramm to formulate financial policy. Oh, my God! How can any true Republican continue to buy the party line.

How dare you take money from the poor and middle classes? That money should come from the wealthy and the CEOs of the major corporations we're supposed to feel sorry for. We aren't broke enough? They aren't rich enough? Get a clue, the government lost our money and destroyed economy, and anyone who was paying attention for the last 6 years knew that it was going to happen. Take the money from the rich and give it to the rich. This government steals from us and gives our money to the private and public armies to kill and maim the same people. Stop robbing us.

why dont they just split that money up between all of us tax payers and we would pay our depts and then the money would end up in the banks anyways and our dept would be lower and the banks would have the money to start the lending process all over again and I am not talking about the 1800 dollers I got last time that was not enough to do sqaut I am looking at like 7000 to 10,000 that would do alot more for the econamy than just bailing out the banks and wall street