My wife and I voted for you in the last election.  We support your administration wholeheartedly.

We pray for you and your family.  I am a United Methodist minister.  We admire the wisdom of your leadership style and what you are trying to do on all fronts.

Please, be safe, you and your lovely family.  Give your family priority.  For the long term good you hope to accomplish, they are your greatest asset.  Never forget this.  Take time to play, laugh and relax a lot.  Enjoy your presidency and you will do more to make the world a better place.

I think your Public-Private Investment Program (PPIP; Geithner Plan) is a wise and bold move.  I believe it is working and will save us from a far worse depression.  Though I accept it as necessary in this situation it is fraught with ethical danger and provides an Achilles’ heel for your administration.

I perceive that you are trying to solve the toxic bank assets problem by folowing the principle of  “using a thief to catch a thief” which in this case was offering a rather grand financial opportunity to people such as hedge fund managers and the like if they buy up these toxic assets. But they did much to get us in this recession with their greed.  It is like offering a pardon to hardened criminals so that you may use their expertise to stop further criminal activity.

As this plan works we all shall benefit. But as soon as our system recovers I urge you to quickly put the screws of regulation and proper taxation upon these Wall Street pirate types so as to make them scream in rage because they cannot indulge their greedy fantasies as before.  It is a shame that should profit now  although for the sake of the common good I hope they do.

If you fail to do this, I fear that any success in the bail out will be just another American quick fix that does not solve anything for the long run.  And your administration shall lose the ethical high ground which is essential to maintain.

Greed and a selfish sense of privilege are America’s greatest enemies.  They are the Terror that shall ultimately destroy us unless we boldly and constantly address it with surgery.

May God bless you in these endeavors.

Respectfully, Rev. Alvin Petty.

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