Explain to me: Federal Bank Bailout

[asterroc]

Oh wise LJ-friends, explain to me this Feds bailing out / buying out the banks thing. Preferably in 3 sentences or less (so as to boil it down to what's most important).

I really do appreciate y'all's ability to boil down these topics I find remarkably complex and filled with too many details for me to grasp, into simple "here's what's important about the thing, and here's what you can ignore" sort of summaries. And I've a tag for them too.

So. Fannie May, Freddie Mac (what's with the names anyway?), and AIG. Three sentences. Go!

Comments

[marquiswildbill.livejournal.com]

I just like it because it's trippy. Granted it's kind of like what bright white looks like to me. I don't see solid color without my brain injection noise into it.
I don't visualize a migraine as looking like that. In fact I don't think I can associate an image with a migraine. The closest to a visual I could give is a feeling of almost electrical pain in my optic nerves, especially if there is light. I personally find the nausea/vomiting from a full on migraine to be worse than the pain. Then again I'm a chronic pain patient so I'm used to pain (or coping with it at least), and I always have pain meds in my system. Whereas I don't handle vomiting well. And it seems like every time I have severe nausea/vomiting I either have no zofran or i forget I have it. I usually manage to catch a migraine before that starts and I can take action to keep that from happening. But I have been getting migraines a lot more frequently in the past year (from 2-3/yr to about once a month, including two that totally incapacitated me for a period, one of which I nearly went to the ER over because the nausea was SO bad. I probably should have because I was so weakened from vomiting all damned night. And a shot of zofran or phenergan and IV fluids would have taken care of that nicely.)
I'm glad you found my summary useful.