Letter to Nancy Pelosi

I'm listening to you speak now Speaker Pelosi (on C-Span). This is an extremely dangerous path we are about to embark upon.

Not one person/speaker has said... "this is a good package," not one person!

Every speaker has said, “I don't like this” or “This is not something I would do.” or “This bill is tragically flawed, but immediate action is needed.”

I just heard a Senator say, “I will support this bill and I HOPE that it will work.” He hopes it will work? $700Billion is a lot of money to put on a “hope.”

So contrary to the words you all speak, you ARE doing it!

I hear what you will do "after" this is passed. We all know that nothing will happen once this bill is passed and Wall Street gets thier welfare. At least be honest about it. "We'll come back to this, we'll come back I assure you. The party is over!"

No, you won't come back. Once the Bankers are bailed and get their money and are saved, they come in with lawyers and lobbyists and influence and Washington DC does what it always does, go back to bickering, and disagreeing, etc...

The worst aspect about this Act, is that IT MAY WELL NOT WORK!

You say "we'll come back to this..." I'm sorry, but no, you won't. You have had 30+ years of warnings and you haven't "come back to it." At best, this is another band-aid and we'll have put the problem off again for another 10 years or so. Just because the substantive elements of this bill have been improved upon, doesn't mean its any better of an idea. It doesn't mean, it will work any better.

Bottom line, up to $700 billion could be "invested" in Wall Street Banking Welfare and there is NO money back guarantee.

And all of this is based upon somebody who woke up 11 days ago and said... "Wow, the US is in a financial crisis."