Before starting, I figured I would be open and honest. With full disclosure at heart, I have made a lot of money since the bailout blew up this afternoon as I am one of the few people who did not cover his short position with the pressure from the government and attempts to make this investment practice illegal.

With that behind us, let me say I believe that without some assemblence of the proposed bailout, our financial system (and that unbeknownst to some in DC is largely a non-wall street thing) will be significantly constrained.

Given the weakened reserve position of banks, and innability to dispose of high risk assets, banks are likely to stop issuing loans (see WSJ article on lack of funding for McDs franchises). These loans are made largely in small denominations nationally, and the tightening or removal will have a very big impact on the nature of US economic growth.

Like many legislators I originally cringed at the size of the plan (not because of my investment positions - they should be fine regardless). My hesitation is a personal belief that tax payers should not pay for misdeads of companies (same reason the $25bn auto loan is a joke). That said, Congress put some (could add others) provisions in the bill that should make it very likely the US tax payer would do well over the LONG TERM.

Unfortunately, our "LEADERS" are only thinking about November 5.

Given their lack of thinking as leaders, I think we should stop worrying about our own personal ideology and vote against our representatives regardless of affiliation in hopes of creating a new Congress full of leaders who do not think about the next election but about the country. In an ironic twist, one provision of the bill creates an executive clawback for a period of five years if things in the future dont work out, I wish we had a political clawback -- although it would be used a little too much.