How and what will happen to us as a result of the Wall Street Bailouts? ?

The freddie and fannie bailouts were needed because under clinton the requirements for a mortgage were lowered and required the consideration of "other factors". If we return the mortgage lending to its original requirement evrything will be fine.

The Federal Government and private firms pumped multi-millions (back when that meant something) into the failing Stock Market in 1929, which generated a period of drastic ups and down as one company after another went down - then the ball really dropped as the public pannicked (for very good reason) and every called their loans in.

That is where we're headed if nothing is done to balance the Federal Budget and SOON (and NOT from loans from our enemies!)

Putting public money into these companies now is just throwing good money after bad, and will actually exacerbate the situation by causing further inflation!

Nothing much. It happened in Great Britain with Burmah Oil in the late 1970s or early 1980s. The treasury made a profit on it.

Increased regulation will be a necessity.

One, we have regulations in place, but the executive branch was not enforcing them.

Two, we recently deregulated banks under the Gramm Leach Bliley Act. I think that act may be reversed.