A sarcastic word meaning you are broke and in need of money; Referring to the government bailouts, in which large amounts of money were given/loaned to the Banks and Auto Industry. Neither endorsing or opposing the government bailout.
-Dude, I'm so broke, I really need a bailout!
-That company just went under! They really need a bailout!
The schecklemensch told Algelides that they just missed the basic concept that the housing market would not continue to rise so they needed a bailout to keep their bonuses in tact.
Money for people that had too much and lost it on foolish investments. Typically screws everyone else in at least three ways.
1) They waste our money
2) They ruin the economy
3) You have to pay more taxes to make up for it