Tonight I wrote my representative, David Wu, of Oregon’s 1st district. It said:
I saw Peter DeFazio on KGW’s evening news pushing back on a hurried bill giving the Secretary of the Treasury such massive power in this bailout. I hope you and he can work together to represent Oregon and all Americans in the face of this massive power grab. We need proper regulation and transparency, but we also need new and innovative solutions instead of the same old partisan politics.While Mark Cuban can find a way to get on everyone’s nerves from time to time (especially if you’re an NBA fan), he has a really good proposal that would not only open up the process to proper transparency and oversight, but also potentially gives private investors the opportunity to step in in place of the federal government.
Please read Mark’s proposal here.
Something like this should be seriously considered. Right now it seems like Washington isn’t really looking anything but the two extremes (financial crisis vs. no-oversight-bail-out). Let’s find something bette by putting technology and innovation to work and find ways to have regulation, accountability, AND efficiency all together.
Sincerely,
Patrick Lightbody