I'll accept the bailout under THESE circumstances

1. No foreign banks get a dime. Not one.

2. All "high risk" loans get a one-time chance to restructure and give the homeowners a chance to pay them off. We accomplish nothing if we kick people out of their homes. Let's make favorable terms for these people to A) keep them in their homes and B) recoup some of the money from the bailout

3. No executive at any of the banks that gets a bailout can earn more than $500,000/year for the next 5 years.

4. Every member of the administration and every member of congress must sell their stock holdings in any of the banks that will be getting a bailout. No member of the government should profit personally from the bailout.

5. The US Treasury should get an ownership share of any bank that receives bailout money, commensurate with the size of the bailout. If we're going to buy their assets, then we, the taxpayer, should get some ownership.

We open their books and we scour it for any wasteful spending and then we sell off those items. If we find out there is a yacht on books or club seats for a sporting event, etc. etc. etc. - we reposess those things.

This would also include any homes owned by these CEOs being financed thru the banks. An owner can pick one home to live in and the rest of them get reposessed UNLESS that CEO can pay off the loan.

should hold a $700bil purse.

None of this happens without a complete overhaul of banking regulations.

Unless we address the real issue, we're doomed to repeat it.

Executives can be paid above the $500K limit if there is a dollar-for-dollar reimbursement to the U.S. Treasury up to the total amount the company received.

But while we're there, how's about revising the tax code to prevent companies from writing off executive compensation of more than the federal Executive I paygrade? That would be $191,300 per year.