A Wasted $3.5 trillion

So the bailouts have now reached $3.5 trillion, approximately 25% of GDP. Guess what? It ain't working.

The only cure for this is time and for the government to step back and let the free market determine asset prices. The U.S. government doesn't have enough money to prevent the melt-down in home prices and various toic assets and derivatives. It is not there, so don't expect it to work.

http://finance.yahoo.com/tech-ticker/article/126117/Bailout-Price-Tag-3.5T-So-Far-But-'Real'-Cost-May-Be-Much-Higher?tickers=AIG,FNM,FRE,XLF,%5EDJI,%5EGSPC,C

Oh and yes, buying long-term gov debt at these prices is suicidal. Stick to the short-end or cash if you must.