Another Open Letter to Congress

Dear Senator or Representative

I urge you to be resolute in resisting the Paulson/Bernanke Troubled Asset Relief Plan, as proposed, amended and currently in the process of being finalized for a vote.

It is a bad plan for America and there are better solutions which can be crafted over a more
reasonable amount of time with productive bipartisan cooperation.

Financial markets have calmed sufficiently following the events of the last 10 days, and the Lehman bankruptcy, AIG loan, short-selling ban, money market fund insurance plan and a free-market resolution today of Washington Mutual, accomplished without government funds, have bought you and your Congressional colleagues time to consider the most appropriate government action in a measured and reasoned manner.

Please do not be swayed by predictions of "financial armageddon" within days. Such fear-mongering is counter-productive and only will result in bad legislation with unintended consequences.

Now is a time for rational discussion and leadership, and much of both critically has been absent in the last week.

Please do what is right for America and oppose this ill-conceived plan.