As the House of Representatives prepares to vote on the latest"bailout plan", I want to reiterate my opposition to this latest giveaway of taxpayer dollars to Wall Street interests. The Senate, in trying to put together legislation that would pass the House, has actually increased the amount of taxpayer liability to $805 billion from the $700 balitout plan rejected last week.

If a plan is necessary to help stabilize financial markets, then no taxpayer dollars should be put at risk. Such a plan should include at least:

1) Increasing FDIC insurance on depositis to $250,000 or more so that community and rural banks, which are not part of the current problem, won't suffer - and in fact would be made even stronger.

2) Allow changes to the "mark-to'market" accounting rules so that distressed mortgages and mortgage-backed securities can be more realistically evaluated.

3) Don't allow the government to buy distressed mortgages with taxpayer dollars, placing them at risk. Instead, expand the availability of government insurance on mortgage products to all mortgages outstanding.

4) For any company that takes advantage of the plan, "golden parachutes" for their executives would no longer be tax deductible for the company - discouraging outrageous severance packages.

5) Temporarily decrease or eliminate the capital gains taxation of private capital investments in financial institutions - encouraging an inflow of private capital rather than taxpayer funds to distressed institutions.

6) Establish more stringent SEC oversight, so that this debacle will not be repeated.

7) Finally, include provisions in the "economic rescue" package that would streamline and encourage the exploration for oil and natural gas right here in America so that energy prices can return to normal as soon as possible - thus stimulating the economy.