CNN iReport

Usually something this big, most have plenty of ideas and opinions, but the truth is, most of us feel inadequate to grasp the nature of this issue. After researching this, and applying my knowledge as an MBA, I'm convinced that the administration and our legislature are going about this all wrong.

I wrote my congressman (a Democrat - which I note because you can see his views below). He told me that the House is working on the issue right now, and that this is what they are trying to get out of this ...

1. Protection for Taxpayers:

• Oversight: Congress must ensure strong and independent oversight of the Administration's proposal. Taxpayer dollars must be spent effectively and conflicts of interest must be prohibited.

• Fair Returns for Taxpayers: Taxpayers should reap the benefits of any future profits these banks make. We must ensure that American taxpayers get a fair return on their investment.

2. Accountability for Wall Street

• Limits on executive compensation: There should be no golden parachutes or exorbitant bonuses for Wall Street executives at taxpayer expense.

• Regulatory Overhaul: In the coming months, Congress must act to modernize and strengthen financial regulations to prevent another market crisis in the future.

3. Relief for Main Street

• Help for Families Facing Foreclosure: The rescue plan must lend a hand to families who have been hit hardest by the foreclosure crisis. The rescue plan should allow bankruptcy judges to change the terms of mortgages so that homeowners can keep their homes.

• A 2nd Economic Stimulus Plan: Congress must immediately pass a second economic stimulus bill to create jobs, invest in our roads, bridges and highways and help Americans struggling the most in this economic downturn.

... We have seen time and time again 2 important facts, one of which they are ignoring.

The first is that the approach of "leaving it alone" does not always work. That is why the Depression lasted so long. This is not being ignored, but of course, this is now being taken to extreme. The real solution is a course of action, but it should not bail out failed firms, but should simply protect borrowers who are making good on their loan.

The second point that is being ignored is that the market hinges on accountability. This package that the Democratic house is working on not only takes the accountability (succeed or fail) of the firm, but they now want to protect people who got into loans they can't afford! Where is the accountability in that!?

-GoodCitizen