First off wallstreeet is not going to collapse if they do not hand over 7Billion, the freeze right now is because they are waiting for a free ride on a bail out rather than taking the losses they deserve. 700 Billion to wallstreet is a single digit percent.
Make them responsible for the risks they take or they will continue to make things like this happen over and over again.
Do I believe we should let the markets totally go off and see a lot of bankrupt companies? no, but there are much better ways than writing a blank check for 700 billion. Now we have the auto industy being bailed out for 25 billion because of union promises of the past and the we are invincible mentality. They call it a loan but its unsecured, so it is a bail out.
Markets will adjust, the global market will adjust. Living on fake money only goes so far, and when its discovered they were taking real profits from fake money they can kiss my ass on a bailout.