My letter to my congressperson

Congressman Hunter:

I am writing to urge you and your colleagues to exercise caution and restraint in approving the $700 Billion in federal money which has recently been proposed for the Treasury.

Though I appreciate the seriousness of the financial situation, the bill as it sits now has too few checks on the use of the money and virtually no benefit for the federal government and taxpayer. As a young American, I do not want further billions carelessly piled onto the national debt which my taxes will have to pay.

I urge you and your colleagues to produce a bill which encourages proper oversight on the use of this extraordinary sum as well as a government share in any future benefits to the banks. Secretary Paulson's "clean" bailout idea is too simplistic and will only benefit the Wall Street institutions whose poor management and greed helped to precipitate this situation. Do not give into administration pressure to push this bill through in a rush job.

Thank you.

Respectfully,

Jay Taylor