300 to 1 against the Congress' Wall Street bailout treachery. Now is the time to add your voice.

 I'm mad as hell, but what can I do?

First, it was a slam-dunk, a done deal, it was all over but the formal vote. It must be voted on before the Asian stock market opens on Monday (9:00 pm Sunday night, est.). But something unexpected has happened! 

What happened is patriotic American taxpayers have been overwhelmingly pounding on Congress NOT to pass this Wall Street bailout legislation.  There have been constant reports on CNBC, and in other places, that calls and messages to Congress from taxpayers were running roughly 300 to 1 against this Wall Street bailout legislation

Now is the time for you to join the fight others have thus far so valiently fought. Let your voice be heard by your Congressional Representatives. Your messages and calls to Congress do make a difference!

It is also far more helpful and responsible to offer Congress an alternative plan along with your opposition to the present legislation. While there are many alternatives, one has been notable:  Congress must remove the mark-to-market accounting rule, and replace it with a "discounted cash flow" accounting rule. Doing so would . . .

* Enable firms to record a more realistic value for their assets

* Boost balance sheets and restore credit ratings

* Provide useful information that would serve to create a liquid market for these assets

In short, this one simple regulatory change would accomplish everything the Wall Street bailout legislation is supposed to achieve, with NO EXPENDITURE OF FEDERAL FUNDS !

If you want to learn more about mark-to-market accounting vs. discounted-cash-flow, Please Click  Here.

 Please send your  message to Congress right now.

As an example of a message you can use:

"The Wall Street bailout legislation moves the country in the wrong direction, toward more spending and more debt. Oppose this Wall Street bailout legislation in its present form!  Instead, remove the mark-to-market accounting regulation, and replace it with a discounted-cash-flow accounting rule. This will free up the markets at no cost to the taxpayer."

You can send your message to either D o w n s i z e r - D i s p a t c h, Contacting the Congress, or No Wall Street Bailout.
 

ex animo

davidfarrar