Should the government takeover - err - I mean bailout "Wall Street"?

This is a complex problem and a lot of people (experts) do not even know the complete complexity of it.  This being the case, doesn't it seem prudent to take a step back and analyze the problem further rather than rushing forward to have the government take over such a large portion of our economy. 

This problem was 32 years in the making as this video points out, 32 years in the making.

http://www.youtube.com/watch?v=TxgSubmiGt8

Do you think a government "bail out" is going to fix it over night?

I might point out - enriching their cronies in business at the same time.

Is what Pope Pelosi wants to give us a "bail out" or the government taking over a large portion of our economy?  As George Bailey says in "It's a Wonderful life", "Potter (the richest man in town) isn't selling - he's buying." 
The government is buying loans for pennies on the dollar - wait for the redistribution of this wealth - and don't think for one minute the Democrats are giving it back to you.

I would like to make one quick point.  The news media keep saying the Republicans blocked this deal.  This simply is a lie and needs to be corrected, as the video pointed out - haven't watched it yet - here it is again. 

http://www.youtube.com/watch?v=TxgSubmiGt8

The Republicans do not have enough votes to block this deal, there are 435 representatives in the house, there are only 199 Rebulicans vs. 235 Democrats and one vacant seat.  The problem is more Democrats voted against this bill than Republicans for it.  40% - 95 of the 235 Democrats vote against the Pelosi/Frank bill.

I was watching World Over Live Friday Night with Raymond Arroyo, one of his guests was Rick Santorum, he was describing how the Republicans were trying to tighten the reigns and regulate this market more in 2005 - he was met with stiff oposition from Chris Dodd, Barney Frank, and others in the Democratic Party.

(I wrote this email before I watched the video).
Researching the issue further - it seems it (the problem) goes back all the way to the seventies, but staying with more modern congresses - I found a NY Times article from 1992 praising the Democrats for "loosening" - I suppose that is another word for "deregulating" the market - making housing more available. President Clinton pushed to further deregulate this market in 1996 - when the Republicans were the majority of both the House and Senate with razor thin margins.

The problem seems to be dropping the virtue of prudence in an attempt to "help the poor", however, I may be giving the Democrats too much credit - I somehow doubt the party that votes consistently to kill children - has any true concern for the poor.  Basically the banks were forced by our government to make bad loans, and now the MSM and the Democrats - Pope Pelosi, Harry Reid, and Barney Frank - not to mention Senator Obama - are trying to blame Wall Street Greed and of all people - the Republican Party and George Bush who had warned about the problem some 28 times beginning in April 2001. 

I'm not sure why the truth is being thrown under the bus by the MSM - thank God there is the internet.

I like the song "Let Nothing Trouble you" by Bob Rice, the prayer of St. Theresa.  You can download it or listen to it for free from his website - http://www.bob-rice.com

With all that said - doesn't it seem the MSM is using the issue to drive Presidential Politics?  Unfortunately - if the truth were told - Obama would be dust, therefore the MSM is throwing the truth under the bus to promote Democrats and Obama again.