Now is the time for Barack Obama to go to Congress and work with and lead the Democrats in a bailout plan that meets the needs of average Americans over those of financial special interests. Strips participating institutions corporate officers of stock options. They should not benefit from the added stock value of a federal bailout.
We should also move all assumed mortgage instruments into a Mortgage Holding Trust Fund, whose mission is to keep people in their homes and ultimitly make a profit from 95% of mortgages that are not in jeapordy.
