Iowahawk has a nice take on the subprime mortgage bailout. It starts:

As many of you know, I am a longtime resident of Lakewood Mobile Home Court, a gated community on the outskirts of Coralville. When I first moved to Lakewood in 2000, I was attracted by its affordable rental rates and many amenities, such as ample streetside parking, easy access to I-80, and a quiet, low-surveillance wooded area in which to store my automobiles and train my beloved sport dogs. At the time it seemed an ideal neighborhood in which to raise the various children the Iowa courts have assigned me financial support. Here was a place they could run and play carefree, while I relaxed with a drink and conversation with friendly new neighbors like Kyle and Chuck.

After several years of living in the community, however, I began to notice a change. Trash and beer cans and dog waste mysteriously began to pile up. Formerly friendly neighbors became suspicious and wary, and I was saddened to realize they were locking their trailers while away at work. Worse yet, crime skyrocketed, in large part due to the gangs of unsupervised juveniles that roamed the streets and woods. As a concerned parent, with several children facing Iowa's draconian "three strikes" sentencing guidelines, I realized that I needed to get them out of this environment but I didn't know how. Like millions of Americans I dreamed of home ownership, but it remained elusive. Early Sunday mornings I would drive slowly through Majestic Oakewoods, the new luxury housing development on the other side of the woods, with my headlights off, wistfully thinking: "someday... someday."

Meanwhile, here's a bailout you may not have heard of: SUV Bailout To Keep America Humming.

(HT: Instapundit and My Money Blog.)

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