I don't know about you, but I am disgusted by the MEDIA.  They are not reporters they are bunch of self important, over dramatic doom-sayers.  "CRISIS!  Catastrophe.  Armageddon."  This whole financial episode and the solutions that are about to shoved down our collective yaps is dangerous Group Think.  "If we don't bail them out, the economy will collapse."  "We must save them or risk a depression!"  It's all a bunch of hog-swaller or in the inimitable words of Sherman T. Potter "Horse Biscuits!!"  What are we, lemmings?

We've all bought into the misguided concept that credit makes the world go 'round and the more credit and lending the better.  Even while typing out that sentence, I am overwhelmed by the blatant absurdity of the notion.  Wrong.  Good credit makes the world go around. 

I am vehemently opposed to the proposed bailout plan for two reasons: First, it does not address the root CAUSE it only treats the symtoms by rewarding bad behaviour and poor performance and I'm the one paying the danged reward.  Secondly it puts far too much power and financial control into the hands of government bureaucrats neither prepared nor capable to manage it. This bailout rewards bad behavior and sets up a socialist economy and government in the U.S. The root cause is the conflict of interests within expanding Trusts and over speculation. My heavens we have not learned a thing from history.

1. Restore Glass-Steagall Act. Put the walls (safety interlocks) back up between these conflicting financial interests.

2. Bust the Trusts. Instead of trying to prop up a failed endeavor (a house of cards) break them up. Salvage the component parts that can go back to doing what they did well on their own, e.g. banking commercial or investment but NOT both; insurance but not banking, etc. We have to keep this incestuous bunch apart or suffer their defective collapse repeatedly.

3. Regulate NACA! Don’t allow NACA to strong arm lenders in to lending bad paper.

Yes, there will be losses. Yes, it will be painful, but every time we artificially manipulate the economy, we mess it up.

Trusts and over speculation led us down the road to ruin once. I don't have $7000 to donate via taxes to these failing financial institutions. Which one of my kids do I stop feeding? That’s a years groceries. How do I tell them they can’t play sports any longer because we need to send money to D.C. to give to Wall Street? Who is going to bail us out after I run up our credit cards to maintain our standard of living and when the bill comes due just turn my palms up and shrug?

NO Bail Out – Fix it