Dear Elected Official:

Unfortunately, I do not believe this "bail out" will solve all of our problems. I know I am not alone. There is the possibility that the banks may still not inject liquidity into this market, which will rapidly cause our system to collapse. The time is now to act decisively and do the right thing. Here they are:

1) Ensure the Fed recapitalizes the banking system. They should also contact the major banks and guarantee there will be enough liquidity.

2) Restructure Fannie and Freddie. Restructure mortgages to limit risk. Ban risky and sub-prime mortgages from the derivatives and credit default swaps market.

3) Call for an independent investigation into how this fiasco occurred, who is responsible, and prosecute.

3) Institute major changes in Congress. Namely, any current laws that allow our politicians to profit for themselves. This should include changes in fundraising, lobbying and earmark laws.

4) Our elected officials should not be allowed to vote for laws that affect them directly or in which they have an interest. They should not be able to vote on a bill if they have received money from a company, non-profit or lobby that is going to profit from the bill.

5) Congress should not be able to make laws that directly affect them. That means fundraising, lobbying, earmarks, salary, ethics, etc. This has led to the current situation we are in.

6) We need an independent Congressional and Presidential accountability office. Either, the Government Accountability Office can take responsibility, or a new office can be instituted. It would be responsible for overseeing our elected officials to make sure there is no conflict of interest when laws are made.

This office would also oversee the ethics of our Congress instead of the elected officials who support cronyism. Industries don't allow their employees to accept money, or to be bribed with jobs or gifts. They do not allow money to directly benefit the employee, spouse, family or friends of the employee. Why can this happen in Congress?

7) The office would be accountable to the people. Newly elected officials would not be allowed to "touch" the office with new heads or employees.

You see, elected official, the American people are fed up with the corruption in Congress. It is unacceptable that the Democrats had such conflict of interest with Fannie and Freddie they were offered jobs that paid out millions. We are now bailing out their abuse. No wonder you are so eager to get this bill passed!

It is also unacceptable that our Congress turned it's head as Fannie and Freddie packaged these loans, sold them to financials institutions who turned them into derivatives, and sold them over and over again until no one knew what they had for assets.

Please change Congress before your fellow elected officials destroy our way of life with their greed. Because, if you do nothing, it will only be a matter of time before the American people finally get so fed up that they will look for some other form of government besides Democracy.

Sincerely,

A concerned citizen