My answer is no. In the current bill form, the Gov would pay the executives of the banks and the government would own the properties of those companies who participate in the bailout plan.

Has anyone seen or lived in government housing? I have, it's not fun. I was grateful to have a roof over my head and it was nice to have a heater, but there were also some sub-standard issues with the quarters and on an ownership scale that of Washington Mutual, well I feel the houses are just going to be let go and over time become dilapidated and sold to slum lords.

The idea that the government will also own the housing brings up ideas of the Soviet Union and the Communistic idea that the government would own and be in charge of everything. This goes against what the United States strives for, Freedom. Both socially and economically. If the government is involved in everything and then owns everything, what's the point of having Capitalism? What's the point of owning your own business if the government is going to create ways for your business to fail?

I agree that we all put our name on this failing, we could have said, "Sub-prime loan? You mean, you are giving me this house I can't afford? What's the catch?"
No such thing as a free lunch, but there has got to be a better way out of this.Executives who messed up the details of the plans are going to get paid for their action and tax payers are going to pay the price.