Big Lizzards has a great post on Mortgage Backed Securities, why we are in this mess, and even makes the case for the so-called bailout.  It’s long and its good.  Read it for yourself.  If we are going to pass something, that is going to cost the taxpayers billions, then buying the securities and scrubbing them WITH NO OTHER EARMARKS might be the best of the bad solutions.

Read this and decide for yourself.