(CNN) -- Congress and the White House are trying to hammer out a $700 billion plan to bail out Wall Street and prevent an economic collapse, but iReporter Margaret Lopez thinks she has a better idea.
Cartoonist Jim Brenneman says the United States needs to overcome its need to have it all.
"They can take this $700 billion and use it to save the homes in default. They will have enough money to save 2 million homes averaging $350,000 each," the San Bernadino, California, mortgage broker wrote.
She says she's worked with low-income families for 18 years and watched as people were "reeled in" by subprime mortgages they couldn't afford.
"Everybody thought they could refinance or would buy a better home and be OK," she said. "There were all these ideas that we all bought into, so it was acceptable; it was OK." iReport.com: 6-year-old wants answers
Many of her clients owe more than their homes are worth, but they would still like to stay in their homes if they can arrange affordable payments.
She said she wants to hear the details of the plan.
"I know politicians want to simplify things for the American public, but come on! We are not that stupid," Lopez wrote.
We asked CNN.com readers what they thought of the bailout plan, and many were pretty upset.
"Main Street is drowning while Wall Street bankers are sailing their yachts!" iReporter Janet Schultz wrote.
Schultz, a real estate investor, says the bailout is probably necessary. But she is furious that some House Republicans are rejecting it as an unfair intrusion on private business.
"It's absolutely ludicrous to say, 'Let's give them $700 billion without any stipulations.' "
The Philadelphia, Pennsylvania, mother of five describes herself as a Catholic, pro-life Republican who supported John McCain in the 2000 primaries.
But this year, she's "absolutely voting for Barack Obama," because she says Republicans have lost touch with their founding principles.
She said her family was financially stable five years ago, but now it's struggling. iReport.com: How do you feel about the bailout?
Her husband is an electrical engineer and manages a division for a Fortune 500 company, but her business has collapsed.
"I bought and sold real estate and timeshare deeds, and that business started to dwindle about two years ago, and now it has absolutely collapsed," she said.
They still have some vacation properties they rent out, but she said many people can't afford vacations right now.
Her family used to take nice summer vacation and spend Thanksgivings in Acapulco, Mexico, but now they've even cut back on Friday pizza nights. They make their own to save money.
The following are reactions to the bailout from the iReport.com community. Some comments have been edited for length and clarity:
hooverguide of Rainier, Oregon: "We, the people, are disgusted. We are not stupid, we are not amused, and we are not placated by rhetoric and appeasement. ... Instead of peace and prosperity, we have been sold $700 billion worth of snake oil while the purveyors of this black doom sneak away in the night with millions in personal profit."
freeflows of The County, Maine: "Too many people are truly concerned about their ability to survive this coming winter for Wall Street to be rewarded for its bad behavior. ... The tiniest percentage of the proposed bailout could go a long way to heat homes and keep people in them."
PhillyLady of Philadelphia, Pennsylvania: "I'm totally against bailing out anyone. They made their bed, they can lie in it!!! Seriously, when Bush and his corporate cronies gave huge tax breaks to the employers to SEND ALL THE I.T. JOBS OVERSEAS, I lost everything I had gained from 25 years of long hours and much education and hard work. No one came along to feel sorry for ME or bail me out. I lost everything."
leisa: "I am so angry about this bailout. What about all the people who are losing their homes with foreclosures? What about us? We were advised to invest in real estate nearly two years ago. We bought three rentals using up all of our HELOC (home equity line of credit). Through two evictions, horrible renters and losses, and trying to make the mortgage payments we used $200,000 of our own. Now the prices of the houses have dropped so low that we are probably going to foreclose on all three homes, BUT the banks will make their money back through the sales. WE, however, now will probably foreclose on our own home because we can't make the payments on it plus our line of credit."
coteric of Columbia, Maryland: "The fact is, most of those politicians (I would bet all of them), have personal ties to AIG, Fannie Mae, etc. If these companies go down they lose campaign money, even personal money. EVERY SINGLE politician has there hand in some CEO's company. This is all they care about."