VOTE NO ON THE PAULSON/BERNANKE WALL STREET BAILOUT PLAN

The way to properly resolve this crisis is to put banks that fall below minimal capital ratios into Treasury receivership, canceling the common and preferred equity and allowing the Treasury to retain the assets of the institutions as collateral against the current obligations of these companies, shielding holders of cash equivalent deposits against default (i.e. money market funds).

Treasury can then unwind those assets in orderly auctions, thereby permitting other institutions to price similar assets on their own books.

We as a Nation cannot stand idly by as private investment banks attempt to socialize their losses, however large and frightening as they may be, when they took risks as private and largely unregulated institutions and retained in their private coffers billions of dollars in profits since the last banking crisis.

OUR SYSTEM OF FREE MARKET ECONOMICS IS NOT BROKEN -- IT WILL ABSORB THE IMPLOSION OF YET MORE INSTITUTIONS AND WILL BE STRONGER ON THE OTHER SIDE.

Allowing these banks to foist the worst of their paper off on the U.S. taxpayers in unconscionable.

Any bank that needs the U.S. Treasury to bail it out should be fully prepared to be seized by the government, restructured, and sold back onto the open market at a profit to the U.S. Treasury and taxpayer, either in pieces or as a newly formed financial institution.

Christian Antalics