Sharing an email of mine today to my Federal elected officials:

"Having read, understood, and agreed with certain relevant Americans For Tax reform text, together with my own concerns for how the Franken Amendment would create a new credit scoring system tethered to government trends rather than traditional criteria (thus putting say Wm F Buckley Jr on the same credit-worthy scale as a bag person and vice versa), I respectfully submit my endorsement of such ATR text, same being, to-wit:

As your constituent, I am contacting you today to urge you to oppose S. 3217, the misnamed Restoring American Financial Stability Act of 2010.

I know that the removal of a "bailout fund" and Sen. Boxer's "no taxpayer dollars shall be used" amendment are not enough to fix this bill.

This bill doesn't even address Fannie and Freddie. Rather, at a time when these government agencies are asking for $19 billion more in taxpayer money, Title 12 of this bill makes permanent the same risky lending practices that caused their collapse.

Fannie Mae collapsed because it became a slush fund for bad loans the government forced banks to make. This Title pays banks to advertise to, and seek out, low income people who would otherwise not qualify for loans. The bank, backed by the government, issues risky loans and either the loan is paid back on time, in which case the bank keeps all the profits, or the loan defaults and the government uses taxpayer money to cover the bank's loss.

This is a total win-win for government backed banks, and a total failure for taxpayers like me and my neighbors.

Additionally, this bill violates my personal privacy by giving the government access to my personal bank account information.

The new Office of Financial Research is created in Title I, Section 151-156, is tasked with collecting and sharing data without restriction. This agency will collect data, create software to standardize financial industry data, and share with other agencies.

And, Section 1071 allows a newly created agency, the Bureau of Consumer Financial Protection to "use the data on branches and [individual and personal] deposit accounts"for any purpose."

Why do you need to store and monitor my personal financial information?

Never before has the federal government actively sought to collect data on every single personal and business financial transaction in the U.S. until now and I am letting you know that I oppose these policies.

For these reasons and more, I urge you to oppose this bill and vote "no" on S. 3217, the misnamed Restoring American Financial Stability Act of 2010."