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December 28, 2008

How are the banks spending our money?

AIG just reported that they have lost $30 billion but, of course, they still have their fleet of corporate jets. What kind of deal is this?

The Associated Press recently asked 21 banks what they have done with the billions of dollars you and I have given to them. They refuse to say.

Is this crazy, or what? It certainly isn’t transparency. And my congressman, Dennis Moore, voted for this fraud. He needs to retire ASAP. No wonder Congress has only a 9 percent approval rating.

We continue to allow a group of private bankers to create our fiat paper money that has lost 60 percent of its value in the last 20 years. And they charge us interest to use this nearly-worthless money, which means they have made billions of dollars from us.

Why do we continue to reward failure and ignore the Constitution that says Congress is to create our money via gold and silver?

R.J. Brown
Leawood

Comments

NoMoreMrNiceGuy

True that Jayhawk, not prosecuting Barney Frank or Franklin Raines is treason. How about the dirty little deal Princess Nanacy and her hubby were involved with regarding Starkist Tuna?

Star-Kist is owned by Del Monte Foods and is a major contributor to Pelosi.

Star-Kist is the major employer in American Samoa employing 75% of the
Samoan workforce.

Paul Pelosi, Nancy 's husband, owns $17 million dollars of Star-Kist stock.

In January, 2007 when the minimum wage was increased from $5.15 to $7.25,
Pelosi had American Samoa exempted from the increase so Del Monte would not
have to pay the higher wage. This would make Del Monte products less
expensive than their competitions.

Last week when the huge bailout bill was passed, Pelosi added an earmark to
the final bill adding $33 million dollars for an "economic development
credit in American Samoa ".

Marctnts

"He has been for too long only concerned with staying in power."

And as opposed to a good majority of the rest of BOTH parties who rank self-preservation above the needs of their constituencies. It works both ways, Dan.

Pub 17

As opposed to Philll Kline, who, when forcefully rejected by the voters, peacefully left the public stage for private life.

Dan Beyer

Dennis Moore is definitely part of the problem!
He has been for too long only concerned with staying in power.
That's why he will cater to whomever will keep him in power-at the expense of the citizens!

Marctnts

"The time to criticize a Congressman is when he or she stands in the way of prosecution and prison time for the members of the financial community who foisted this fiasco on the unsuspecting."

"It was, after all, George Bush's Secretary of Treasury who put this plan on the table but other than skywriting obscenities over Crawford, Texas, there is not a lot you can do to bring your feelings to bear on him."

So which is it? Do we blame those who pushed the bailout through (BOTH the administration AND Congress)or not? You seem to advocate blaming one party (Bush's administration) but not the other (Congress). Seems kind of like partisan spin to me...

jayhawk67

Dennis Moore is not the problem. The problem lies in the unregulated bowels of the financial markets.
The time to criticize a Congressman is when he or she stands in the way of prosecution and prison time for the members of the financial community who foisted this fiasco on the unsuspecting. That should primarily include those at the top of their particular trades--the mortgage bankers, the investment bankers, the bond rating agencies--who were letting their greed trounce their moral and professional responsibilities.
The mindset in New York City is astounding. Governor Patterson observed recently that tax revenues historically go up when the "Masters of the Universe" get their bonuses, so they--the New Yorkers--like it. Well, when a bunch of paper pushers start spending hundreds of millions like sailors on shore leave you get a lot trickle down economic effects up close and personal.
The problem is that the activities that generated that money were at best irresponsible but more likely criminal--but the perpetrators have so far gotten away with it.
So write Dennis Moore and demand that steps be taken to hold those who caused this responsible. It was, after all, George Bush's Secretary of Treasury who put this plan on the table but other than skywriting obscenities over Crawford, Texas, there is not a lot you can do to bring your feelings to bear on him.

 
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