Government buying bank stocks

When congress passed the bail out law I was concerned. We, the government are not good at buying securities, yet alone bad ones, and we would be very poor mangers of them as is proven out by the governments management of the savings loan problems of resent history.

I was more pleased by the announcement that the government would be buying stock in banks. Stocks are easy to value, and are they are currently at reduced prices, we just might get a bargain.