Here is the gist:

The Federal Reserve is considering doing something it has never done before: use taxpayer money to buy high-risk subprime mortgage-backed securities. Those are at the heart of the housing crisis.  (Fed Weighs Unprecedented Move, then click on the Listen Now icon

Now, let me get this straight.  The Fed wants to use taxpayer money to buy into the same mortgages that have almost taken down Countrywide, Bear Stearns and possibly Lehman Brothers and other major financial players?  How does this make since? and how will that help, except to bail-out those who are responsible?  Private investors won’t touch it, but yet we would essentially throw the taxes we pay away on a proven and guaranteed bad investment?  For what? to bail out the companies that made these investments in the first place.  Let me get into financial trouble and come bail me out instead.