Capitol Hill lawmakers have begun the task of working on a bailout proposal to deal with the financial crisis that has hit Wall Street and Main Street.

Senator Kit Bond (R-MO) has taken to the floor of the U.S. Senate to express his desire for immediate action, while maintaining the need to respond responsibly without just throwing money at a problem. Bond says Congress must demand increased accountability, increased oversight, and increased transparency so that taxpayers and the financial system are never put in this situation again.

Bond also rejects any proposal for a golden parachute for those who created the problem in the first place, saying most Americans must be responsible for their actions.

Download/Listen: Steve Walsh report (:60 MP3)