Mr. Knollenberg, I am deeply troubled by the proposed bail out plan in front of congress. First I do not believe that such a bail out is warranted and secondly I do not believe that there has been enough time for our leaders and the public to debate the merits of such a plan. I feel that the American people are being held hostage by the financial sector that has made poor business decisions and are desperately looking for a way out of their situation. Every investor knows that there is no guarantee on an investment, and that an FDIC insured bank account is the only sure fire way to avoid losing money on an investment. I believe that the American economy is going to suffer a great blow no matter the outcome of this bail out package. This bail out pack includes zero provisions to prevent the situation we are in from happening again. This bail out in my view point is simply an attempt for the Wall Street investors to make a "run on the bank" before the American people have a chance to ask why. I urge you to please vote against this resolution.
Monday, September 29, 2008
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