I am deeply disturbed by the recent turmoil in US financial system. I am humbly tendering herewith the following suggestions as a permanent solution to meet such crisis.

1. I was shocked to hear President of Iran forecasting final demise of America. I have reason to believe that the enemies of America are seriously plotting the final downfall of America and in that direction they are short selling American companies, which brought us to this terrible present situation.

2. House prices are going down and down. This is a catch 22. The more it goes down, more people will be defaulters. Mortgager and Banks will continue to lose further.

Therefore, to arrest this vicious cycle, we have found a new solution.

We must reduce the supply of new homes. To achieve this objective, no new houses permits should be issued for one year except to individuals. After one year review may be made whether continue the ban or lift it. This one step will arrest the slide in housing prices and they will start going up.

3. Unemployment insurance will cover for one year for the workers engaged in housing sector.

4. Govt. should not pay more than 50% of the balance of mortgage amount to the banks. Let the fat Wall Street Cats bear the rest of the cost. Even now they are selling these loan portfolios at steep 80% discount.

5. A three member High Power expert committee should be set up to enquire and make suggestions for the permanent solution to the crisis within 30 days.

6. Special scrutiny should be done for top S&P 500 corporations, so they may not come up with problems like AIG.

7. Purchase of large U.S. Corporation by the foreigners should be banned to stop the foul play with immediate effect.

8. To stablise international monetary system, an immediate meeting of Finance Ministers of U.S., Japan, European Union and Britain should be convened and a permanent exchange rate between their currencies should be fixed, with a review clause after every 5 years.

9. If this is not done then the next wave of financial storm will be on dollar. Dollar will be disseminated, which will bring the world economy to a grinding halt.

10. Amount of permissible National Budget Deficit should be agreed upon between these countries.

11. Banks and financial institutions should be brought under tighter financial rules.

12. U.S. has a huge trade deficit, which is totally unsustainable. The main reason is huge oil imports. Therefore, all restrictions on oil exploration in US should immediately be removed. This one step will bring the oil prices to the reasonable level of below $50 per barrel within 6 months.

13. A $100 billion dollar fund should be set up to research and promote alternate energy on war footing.

14. New tax incentives should be provided to accelerate the exploration activities. Automatic exploration permits should be granted within 30 days. Only in very rare cases they should be refused.

This one step will also drastically reduce funding of terrorist activities in the world.

15. I read in newspapers about Mr. Paulson, Treasury Secretary asking for an amount of $700 billion dollars for solving the above problem. On such a huge demand I would like to offer my comments as under:

My research shows that this present solution will ultimately cost 2.5 trillion dollars to the US tax payers. Naturally when you will provide $700 billion dollars, and the crisis remains unresolved, he will ask for more money.

A question may be put to Mr. Paulson. Will he not demand any more money later on over $700 billion dollars? You will get the answer. Hence, this is not the right path to solve the crisis.

Peoples money with the exchequer should not be mis-utilize for the benefit of those who have created this crisis. Bad behavior should never be rewarded.

16. To counter it the most effective way in this economic emergency, the best option is to immediately ban the short selling in shares, bonds, currencies and metals. America will loose nothing on the contrary it will gain a lot by doing this.

17. Respected President, it is your moral as well as constitutional duty to safeguard the interest and well-being of US citizens. Therefore, it is imperative to seek shares in the companies, which will be financed by taxpayer’s money. There cannot be any free lunch. There are no grounds on which this simple request can be turned down except in case of collision between Wall Street and Treasury Department to flitch ordinary citizens, which is totally illegal.

The AIG deal of giving $85 billion dollars and taking 80% of shares in the company by Treasury Department should be the modal for future bailouts.

18. Under any circumstances, US taxpayer’s money should not be given to Non-US Corporation. Switzerland, UK, Japan and Germany are strong enough to defend these banks and corporations.

I hope you will give a serious thought over the above tendered suggestions.

I am ready to provide full details on the above matter.