GOP may not be perfect but has always been about truth, then I guess that "Bail out Wall Street" is something that can be forgotten. Wall Street gave the means and tools (innovation), should have been alarmed and should have reacted and questionned when asked to finance for abnormal amounts of subprime mortgages (the greed won, these amounts was an obvious sign the tools got out of hand), but Wall Street did not sell all over the country to the wrong customers these questionnable mortgages (very good tools for real estate professionnals that don't hold for very long assets), banks and mortgage brokers did without any reserve of any kind.

Junk bonds got out of hand(again good tools in some cases when used wisely for educated investors), Wall Street sold the bonds and got the blame. Subprime mortgages got out of hand but this time was sold by other businesses that behaved exactly with the same greed that those in Wall Street who helped to finance the extravaganza.

There is a big temptation, go after what is obvious, where moral standards have gone down, Wall Street has to regulate itself, wasn't like that..... and forget that with the right information consumers may have say Thank you but NO Thanks when offered these mortgages if aware of the possibility of monthly payments going up by 400%. I know it's in the contract and it's legally fine but not informative enough on a separate sheet with different scenarios of interest rates forecast and nothing about the financial tools that could have been used to cover the risk. When rates went up they weren't ready, if alarmed soon enough who knows how many may been able to react and take the right steps to sort themselves out. Empower the consumer has always been the best regulation and let innovation some room.

That said, Wall Street got the biggest slice, has the brains and should be asked to do its own clean up....

The good news, did you watch the debate?