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Dear Member of Congress: I am extremely outraged by Bush's attempt to defraud the American public. Please kill the Bailout. It's nothing more than a Ponzi scheme to enrich Bush's friends and backers. What cupidity-- helping "rescue” his cronies while the homeowners whose homes are being foreclosed, are left twisting in the wind. Bush lied to us about the Iraq war. Shame on him. He is lying to us now about the need for the bail out. Shame on us if we are again gullible. It is unconscionable and immoral for Congress to replace the lost “play money” of the millionaire and billionaire investors while at the same time refusing to materially and immediately help the hard working American families keep a roof over their heads. Not only kill the bill, but kill the idea and investigate who is really behind the plot to rob us of not billions, but trillions. Here's a quote from your fellow Congressman: “Elsewhere, Rep. Michael Burgess (R-TX) said that the only information he had received about the bailout was what talking points to use on the American people and that he had been thrown out of meetings for not blindly supporting the bill.” We don't need talking points, we need action points. Bail out home owners who are facing evictions and loss of home equities - which equities have thus far driven the US overconsumption economic engine. If you want to see a real depression in both the economic and psychological sense, just FAIL to help the home owners out of their financial mess. The huge hedge funds, REIT's and mortgage backed security holders are investors. They can afford to lose their investments -- they took a risk in making their investments. The US Treasury is not an insurance company against risky events happening to rich investors' investments. The cries from Wall Street are way out-shouted by cries from our home owners on a scale of 100 (homeowner) to one (Wall Street). Congress needs to undo the Bear Sterns deal and recover all money and credits GIVEN the failed financial institutions at taxpayers' expense. I want you and your fellow Congress members to take effective action in favor of the home owners and let us know by email exactly what action your took -- we don't need platitudes -- we need bills passed with money attached, to help the home owner -- not the financial institutions which knowingly took the risks. Rep. Peter DeFazio has the solution. Congress should enact a transaction tax on each transfer of publicity traded shares on all of the exchanges. Peter suggests 0.02 percent (¼ of one percent or 25 cents on a $100 share). That money would be used to pay off our national debt. Congress should also require and fund very strong oversight regulations of the investment houses. Had such action and oversight occurred, Wall Street investors would not be shedding tears. Since lobbiests for Big Money most likely have been “successful” in defeating any meaningful regulation of the investment industry, now let them reap what they have sown. James E. Miller, JD jimmiller5417@yahoo.com