This thread is easy to work out...
The banks were going under because taxpayers couldn't pay their mortgages, loans or interest on debts.
The government bails out the banks with $700b that will come from taxpayers.
The banks will then loan out that money to taxpayers for mortgages/loans etc.
The taxpayers will then pay back the banks ( plus interest) the money they couldn't pay back in the first place, plus higher taxes to fund the $700b bail out.
Then banks will thenpay back the $700b ( plus interest ) to the government.
Then the government keep the lot.
Makes perfect sense to me.
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