San Diego Housing Bubble News and Analysis

Before reading this please note that I don't like politics and like
being involved in it even less but this is a very important issue.

So Treasury Secretary Hank (Skeletor) Paulson wants to take our
taxpayer money to bailout two publicly traded companies (Fannie Mae
and Freddie Mac) for loaning out money to people who will never be
able to pay it back so they could live in houses they could not
afford. This while the rest of us responsible people wait to save up
to buy homes for our families and get priced out by fraud and "bubble"
creation. The key thing here is that these are publicly traded
companies who commit fraud on a Trillion Dollar level and accept no
regulation of their business and actually pay hundreds of millions to
our politicians so they can fly under the radar.

I refuse to pay higher taxes and higher mortgage rates to throw money
at these companies that I guarantee are doomed to fail anyways because
of what kind of bad debt they are taking on. If we allow Paulson to
do this our personal borrowing costs will go up and more importantly
our governments borrowing costs will skyrocket which is paid for by
"our taxes". He needs to be stopped if possible and the best way to
do it is through voicing our displeasure with his gaming and throwing
away our money.

My friend Karl Denninger is personally funding a petition that is
being faxed to all of Congress, the Senate and those involved Fed
Chairman Bernanke, Treasury Secretary Paulson, the President and 2008
candidates. All you have to do is fill out the electronic form and
confirm and he will pay for all of the faxes. This is legit and if
you have any concerns he is very open to email and phone communication
and is doing this service as his personal patriotic duty.

Fill this out if you agree you don't want your taxes and borrowing
costs raised by funding publicly traded sinking ships or otherwise
accept that hundreds of billions more will eventually be taken from
you to keep these fraudulent companies afloat. If this is allowed to
happen it will very likely also heavily affect the lifespan of the
programs people need such as Social Security and Medicare. Higher
borrowing costs will affect everything we and our government pays for
especially high cost entitlement programs.

Spread this email as well.

http://market-ticker.denninger.net/archives/522-Tuesday-Hard-Sell-Paulson-A-Call\
-To-Arms.html