The Bailout Fails… what now?

Umm… so how about those scary markets?  5 years ago I don’t think any of us would have saw all of the things that are happening with the market going this far.  In high school U.S. History and college Finance 101 I’m pretty sure that we learned that the market would always correct itself, especially after the U.S. learned its lessons after the Great Depression, but today as we watched the markets fall more than they’ve ever fallen in one day that idea sounded really distant and like we’ve all been psyched out.  What happens when markets aren’t really working?  We have politicians arguing over too much regulation and people losing their houses and abandoning mortgages.  We’ve got Palin and McCain taking credit for making bailouts that never materialize and Obama and House Democrats promising that it will all be okay.  Will it?  We’ll see, but Wall Street doesn’t really seem to think they’ll to good of a job on their own.  Can we get Bloomberg, Oprah, and Warren Buffet to come in and help out here.  I don’t think we’re dealing with the sharpest business and financial minds here.