I just realized something, and yeah, I'm too lazy to look it up on Wikipedia. I think I'm right, anyhoo.
Both stock market crashy-thingies were in October of a presidential election year, right? 1928 and 1988, right??? [Ted has informed me the 20s meltdown was in '29, not '28]
Crap crappity crap crap.
BUT, a word on bailing out mortgage lenders:
Why should profit be privatized but risk be socialized???
Just like wagon-wheel makers going out of business or adapting to the automobile industry about a century ago, mortgage companies who've profited from lending rates an honest person would call usury need to man up, grow a pair and take this one on the chin, just as you or I would if our lawnmowing/bookseller/drycleaner/whatever business failed. Grow the smeg up, already.