Summary: The big financial bailout plan finally passed in the U.S. Congress Friday over the strong objections of the public. Will the bailout prevent the coming depression? Probably not. Mortgage securities are only a part of the problem.

The bailout plan is more than just a giveaway to the rich as represented by the big banks (although it is that). It probably is a panicked attempt to forestall the real potential crisis: a collapse of the huge, unregulated hedge funds based on derivatives and Credit Default Swaps (CDS).

Summary: Let's start at the end and then go back to the beginning of the past week. The end result, as of Sunday night, the 28th, was a massive, $700 billion bailout agreed upon by the U.S. Congress and the President.

So what caused this massive action, one that no one seems comfortable with, to avoid "a full-blown economic meltdown?" What happened on Wednesday that so spooked the stewards of the global economy, that pushed aside as the top story of the day the largest bank failure in U.S. history? According to a report on NPR, it had to do with the "commercial paper" market. Money almost couldn't be borrowed for a day by even the most creditworthy borrowers...

And a man's foes shall be they of his own household.

- Matthew 10:36

This is how they pray: a dozen clear-eyed, smooth-skinned "brothers" gathered together in a huddle, arms crossing arms over shoulders like the weave of a cable, leaning in on one another and swaying like the long grass up the hill from the house they share. The house is a handsome, gray, two-story colonial that smells of new carpet and Pine-Sol and aftershave; the men who live there call it Ivanwald. At the end of a tree-lined cul-de-sac, quiet but for the buzz of lawn mowers and kids playing foxes-and-hounds in the park across the road, Ivanwald sits as one house among many, clustered together like mushrooms, all devoted, like these men, to the service of Jesus Christ. The men tend every tulip in the cul-de-sac, trim every magnolia, seal every driveway smooth and black as boot leather. And they pray, assembled at the dining table or on their lawn or in the hallway or in the bunk room or on the basketball court, each man's head bowed in humility and swollen with pride (secretly, he thinks) at being counted among such a fine corps for Christ, among men to whom he will open his heart and whom he will remember when he returns to the world not born-again but remade, no longer an individual but part of the Lord's revolution, his will transformed into a weapon for what the young men call "spiritual war."

We cannot simply keep protesting without proposing exactly what it is we think Congress should do.

Friends,

The richest 400 Americans -- that's right, just four hundred people -- own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly $700 billion -- the same amount that they are now demanding we give to them for the "bailout." Why don't they just spend the money they made under Bush to bail themselves out? They'd still have nearly a trillion dollars left over to spread amongst themselves!

Of course, they are not going to do that -- at least not voluntarily. George W. Bush was handed a $127 billion surplus when Bill Clinton left office. Because that money was OUR money and not his, he did what the rich prefer to do -- spend it and never look back. Now we have a $9.5 trillion debt. Why on earth would we even think of giving these robber barons any more of our money?

I would like to propose my own bailout plan. My suggestions, listed below, are predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps. Sorry, fellows, but you drilled it into our heads one too many times: There... is... no... free... lunch. And thank you for encouraging us to hate people on welfare! So, there will be no handouts from us to you. The Senate, tonight, is going to try to rush their version of a "bailout" bill to a vote. They must be stopped. We did it on Monday with the House, and we can do it again today with the Senate.uld do.