My general feeling about the bailout is that the Treasury buying up $700 million worth of debt, much of it bad, is a horrible idea and my conservative leanings say get me off this bus. (Or to "stand athwart it yelling "woah"!)
On the other hand, there is much to be said for the fact that Congress played a monstrous role in getting us into this mess. (See here for one of the simplest explanations I've seen.) As a result, I have this feeling that if the government got them into this, doesn't it have some responsibility to get them out?
Also, it does seem like a pretty huge financial crisis looms if nothing is done. Consequently, my view is probably something like, "I hate it, but I tentatively support it." Which, come to think of it, is pretty much the reasoning that led me to support McCain.