Banks should surrender Equity to Freddie Mac in return for assistance and hedge funds should have their limited liability set aside by the courts

Tom, Leeds, England

The "classic central bank bail out" of LTCM was - in fact - a Federal Reserve _directed_ bail-out by a consortium of investment banks including Goldman Sachs. Unfortunately, nothing like that will occur this time, because the numbers involved are far, far too large. The ultimate corrective will be a long and painful global recession, and a depression in China that will precipate a political firestorm as millions of workers are thrown into the streets. Cheers to the free markets!

Fred, Albuquerque, USA

I think Mr. Gross has a point. The classic central bank bail out of LCTM probably helped to create conditions for hedge funds to believe sub-prime finance was a one way bet. The so called
"Bernanke PUT" is alive and keeping the Wall St. "spivs" in business.

I believe there is a disproportional number of blacks and hispanics in the two million households at risk in the US. Yet more trouble in store if they are thrown out of their homes and back into the ghettoes.

Bryan McGrath, Weston-s-Mare,

Yeh right. Mr Bush should bailout all the greedy housing market speculators who borrowed huge amounts money to push up prices. And when he has bailed them out they can start doing it all over again!

Anthony, New York, USA

Bush doesn't care. He sat by and watched New Orleans sink into the Gulf of Mexico, but all of a sudden he's going to be compassionate?. Unless there's some sort of oil contract he can exploit to the benefit of himself and his circle of friends, Bush is just going to just chill out at Martha's Vinyard. Like always.

Damien, Toronto,

Bill Gross has done very well for himself over the past 30 plus years but he is getting too big for his boots. A drop in house prices would help all those looking for a home to buy at a better price. For every seller there has to be a buyer.

Carlos Kleiber, London,