Please explain why you support the bail out and what are the alternatives

Well understandably the majority of the American people are against the bailout, particularly bailing out the city fat cats. I am mad at how we got into this situation, the irresponsibility of the bankers and the failure of our government to regulate them properly. But despite my anger, I also recognise the abyss when I see it. We need to restore confidence in markets and in the banking system but not by simply giving a blank cheque. No confidence means that there is only fear, and fear can have very dangerous consequences, particularly in a global market. Any bailout should have a number of conditions attached to it (like no golden handshakes and bonuses for failure, congressional oversight, the money not to be handed over all at once and stipulations requiring that this money be paid back to the taxpayer when things improve, etc.) Now the plan no doubt wasn't perfect and perhaps it could be improved upon (I quite like the Republican idea of the banking sector / traders paying insurance), but I think the insurance point that is favoured by Republican congressmen is certainly a valid way of dealing with things in the future, but I'm not sure it will help in the immediate now. So I think we need to do something but look at the insurance proposal as well. I have to say congress was at its worst yesterday. Pelosi did not help with her partisan speech and there has simply been too much partishanship all around. For God's sake work together just this once and get things done. I very well understand the concern at not writing blank cheques, but we should heed the lessons of history (the 1930s) and not repeat past mistakes. Also, if this bailout package is handled well, it is quite possible that at the end of the day the taxpayer may not be much out of pocket and indeed might even make a small profit.

Kennyrose thank you again. I was too tired last night to get all that information with names and all together in order to properly respond to the bail out. Please get this out as much as possible. It's terrible because the Democrats who ignored it in the first place are blaming the Republican's who were warning them to begin with. I know their are clips too somewhere of the hearing. Honestly no one can convince me there is the crisis that the democrats want to say there is and that 68% of people against the bailout has only lowered to that point because of the fear the democrat heads of the House and the Bush Administration are putting out there. I checked today I can still get a loan mainly this is just going to affect the people who really shouldn't get a loan. Companies go under all the time. It's because of passing new bills without thinking that got us into this mess. And the Democrats in the two years they have had the majority have taken us over the edge. Not all democrats... but the good ones tend to not speak up. And Obama is to blame, he's used his campaign to raise more fear. People say they can't believe that McCain said the fundimentals of our economy is still strong. I believe that otherwise we would be in a depression right now. If the people we look to for guidance say everything is going to hell all the time than of course it's going to affect the markets, and because of the fear put in America's when the first bank went down and the way our government reacted caused a rush on the banks, and when people take their money out of the bank it causes the bank to go under.