Congress needs to write a bill and the president should sign with votes from the senate called The Bank and Auto Bailout Reform Act. Washington is broke and can't afford to continue to bailout banks and the auto industry so we need very serious reform right now. This new law will ask CEO's of Wallstreet, GM Fannie/Freddie to opt out of the bailout right now by agreeing to crony capitalism reform by letting the freemarket work. From 1-1-13 to 1-1-14 federal funds for the bailouts will be extended for one more year only. CEO's are prohibited from using the bailouts for bonuses and can only use them to invest in capital to employ more workers. Once the federal funds for the bailouts expire. CEO's must file for chapter 11 bankrupty, sale off their assets by paying back the interest.



