Home › Forums › Financial Markets/Economics › CALL YOUR REPRESENTATIVES!!!
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September 21, 2008 at 10:29 PM #274094September 21, 2008 at 11:35 PM #273795cashflowParticipant
Thanks CArenter for the link; I am composing a letter to them and hope our voices are heard…Here’s my draft…not quite finished yet.
________
I am writing to express my sincere hope that as my elected officials you will not feel strong armed into signing a bill this week. The financial bailout bill that proposes $700 billion is needed to help failing wall street institutions is nothing that should be taken lightly.
As I would be representative of a fiscally responsible voter, I am asking you to review the following;
-Do not be pressured into signing a bill that threatens to haphazardly and without oversight spend 700 to 1 trillion dollars of taxpayer money. When this much money is at stake, this is exactly when we expect Congress to make educated, unbiased, and bipartisan decisions; no matter how long that takes.
-With that said, inaction is not an option. I would expect a bipartisan agreement that is fair and equatable and is not for the few wealthy constituents, but for the majority. An agreement that is not shortsighted but for the long term health of our country and economy. Being directed by Wall Street is VERY shortsighted.
-Do not continue to support inflationary measures and actions to artificially prop up pricing. Eventually all economies have cycles and this is no exception. We cannot continue to manipulate markets otherwise the downward cycle is much worse (i.e. the current conditions now).
-I expect the Financial Bailout bill to include provisions for major overhaul/restrictions to the regulations of the mortgage industry and Wall Street’s derivative markets.
-I expect this bill to include means and ways in which we can investigate the banks, brokerage houses, executives, brokers, appraisers, and agents that made millions from their illegal and fraudulant actions over the past 10 years. This bill should include ability to seize assets from such criminals and use these assets to help payback the taxpayer money spent.
First I want to say, nobody takes the threat of a global recession lightly. I realize that my family’s well being will be effected as well. However, by continuing the bailouts that have begun, are we just delaying the inevitable? Do we keep devaluing our currency until it is worthless to the rest of the world? This is what could potentially happen with all this reckless spending. Giving the Treasury Dept. a ‘blank check’ with NO oversight is a reckless act. There are many avenues to moving the economy forward, and just looking at Bailing out Wall Street Companies and Executives is greatly unfair and unconstitutional.I am an ethical, taxpaying, saving non-homeowner. As a Gen X-er I will tell you that most young families I know are priced out of homes just as they need stability for their young families. Now I am to be penalized for not taking on too much risk! The other profiteers from this plan will be others that have repeatedly and blatantly used the refinancing system to pull money out of their homes in order to sustain a lavish lifestyle. I am all for helping out homeowners that were unjustly taken advantage of by unscrupulous lending schemes. However to make a blanket statement that will write down loans on homes in foreclosure, don’t you think this will perpetuate and encourage more foreclosures? Why be an honest citizen anymore when you can simply go bankrupt/go into foreclosure and ask for hand outs?
September 21, 2008 at 11:35 PM #274041cashflowParticipantThanks CArenter for the link; I am composing a letter to them and hope our voices are heard…Here’s my draft…not quite finished yet.
________
I am writing to express my sincere hope that as my elected officials you will not feel strong armed into signing a bill this week. The financial bailout bill that proposes $700 billion is needed to help failing wall street institutions is nothing that should be taken lightly.
As I would be representative of a fiscally responsible voter, I am asking you to review the following;
-Do not be pressured into signing a bill that threatens to haphazardly and without oversight spend 700 to 1 trillion dollars of taxpayer money. When this much money is at stake, this is exactly when we expect Congress to make educated, unbiased, and bipartisan decisions; no matter how long that takes.
-With that said, inaction is not an option. I would expect a bipartisan agreement that is fair and equatable and is not for the few wealthy constituents, but for the majority. An agreement that is not shortsighted but for the long term health of our country and economy. Being directed by Wall Street is VERY shortsighted.
-Do not continue to support inflationary measures and actions to artificially prop up pricing. Eventually all economies have cycles and this is no exception. We cannot continue to manipulate markets otherwise the downward cycle is much worse (i.e. the current conditions now).
-I expect the Financial Bailout bill to include provisions for major overhaul/restrictions to the regulations of the mortgage industry and Wall Street’s derivative markets.
-I expect this bill to include means and ways in which we can investigate the banks, brokerage houses, executives, brokers, appraisers, and agents that made millions from their illegal and fraudulant actions over the past 10 years. This bill should include ability to seize assets from such criminals and use these assets to help payback the taxpayer money spent.
First I want to say, nobody takes the threat of a global recession lightly. I realize that my family’s well being will be effected as well. However, by continuing the bailouts that have begun, are we just delaying the inevitable? Do we keep devaluing our currency until it is worthless to the rest of the world? This is what could potentially happen with all this reckless spending. Giving the Treasury Dept. a ‘blank check’ with NO oversight is a reckless act. There are many avenues to moving the economy forward, and just looking at Bailing out Wall Street Companies and Executives is greatly unfair and unconstitutional.I am an ethical, taxpaying, saving non-homeowner. As a Gen X-er I will tell you that most young families I know are priced out of homes just as they need stability for their young families. Now I am to be penalized for not taking on too much risk! The other profiteers from this plan will be others that have repeatedly and blatantly used the refinancing system to pull money out of their homes in order to sustain a lavish lifestyle. I am all for helping out homeowners that were unjustly taken advantage of by unscrupulous lending schemes. However to make a blanket statement that will write down loans on homes in foreclosure, don’t you think this will perpetuate and encourage more foreclosures? Why be an honest citizen anymore when you can simply go bankrupt/go into foreclosure and ask for hand outs?
September 21, 2008 at 11:35 PM #274046cashflowParticipantThanks CArenter for the link; I am composing a letter to them and hope our voices are heard…Here’s my draft…not quite finished yet.
________
I am writing to express my sincere hope that as my elected officials you will not feel strong armed into signing a bill this week. The financial bailout bill that proposes $700 billion is needed to help failing wall street institutions is nothing that should be taken lightly.
As I would be representative of a fiscally responsible voter, I am asking you to review the following;
-Do not be pressured into signing a bill that threatens to haphazardly and without oversight spend 700 to 1 trillion dollars of taxpayer money. When this much money is at stake, this is exactly when we expect Congress to make educated, unbiased, and bipartisan decisions; no matter how long that takes.
-With that said, inaction is not an option. I would expect a bipartisan agreement that is fair and equatable and is not for the few wealthy constituents, but for the majority. An agreement that is not shortsighted but for the long term health of our country and economy. Being directed by Wall Street is VERY shortsighted.
-Do not continue to support inflationary measures and actions to artificially prop up pricing. Eventually all economies have cycles and this is no exception. We cannot continue to manipulate markets otherwise the downward cycle is much worse (i.e. the current conditions now).
-I expect the Financial Bailout bill to include provisions for major overhaul/restrictions to the regulations of the mortgage industry and Wall Street’s derivative markets.
-I expect this bill to include means and ways in which we can investigate the banks, brokerage houses, executives, brokers, appraisers, and agents that made millions from their illegal and fraudulant actions over the past 10 years. This bill should include ability to seize assets from such criminals and use these assets to help payback the taxpayer money spent.
First I want to say, nobody takes the threat of a global recession lightly. I realize that my family’s well being will be effected as well. However, by continuing the bailouts that have begun, are we just delaying the inevitable? Do we keep devaluing our currency until it is worthless to the rest of the world? This is what could potentially happen with all this reckless spending. Giving the Treasury Dept. a ‘blank check’ with NO oversight is a reckless act. There are many avenues to moving the economy forward, and just looking at Bailing out Wall Street Companies and Executives is greatly unfair and unconstitutional.I am an ethical, taxpaying, saving non-homeowner. As a Gen X-er I will tell you that most young families I know are priced out of homes just as they need stability for their young families. Now I am to be penalized for not taking on too much risk! The other profiteers from this plan will be others that have repeatedly and blatantly used the refinancing system to pull money out of their homes in order to sustain a lavish lifestyle. I am all for helping out homeowners that were unjustly taken advantage of by unscrupulous lending schemes. However to make a blanket statement that will write down loans on homes in foreclosure, don’t you think this will perpetuate and encourage more foreclosures? Why be an honest citizen anymore when you can simply go bankrupt/go into foreclosure and ask for hand outs?
September 21, 2008 at 11:35 PM #274092cashflowParticipantThanks CArenter for the link; I am composing a letter to them and hope our voices are heard…Here’s my draft…not quite finished yet.
________
I am writing to express my sincere hope that as my elected officials you will not feel strong armed into signing a bill this week. The financial bailout bill that proposes $700 billion is needed to help failing wall street institutions is nothing that should be taken lightly.
As I would be representative of a fiscally responsible voter, I am asking you to review the following;
-Do not be pressured into signing a bill that threatens to haphazardly and without oversight spend 700 to 1 trillion dollars of taxpayer money. When this much money is at stake, this is exactly when we expect Congress to make educated, unbiased, and bipartisan decisions; no matter how long that takes.
-With that said, inaction is not an option. I would expect a bipartisan agreement that is fair and equatable and is not for the few wealthy constituents, but for the majority. An agreement that is not shortsighted but for the long term health of our country and economy. Being directed by Wall Street is VERY shortsighted.
-Do not continue to support inflationary measures and actions to artificially prop up pricing. Eventually all economies have cycles and this is no exception. We cannot continue to manipulate markets otherwise the downward cycle is much worse (i.e. the current conditions now).
-I expect the Financial Bailout bill to include provisions for major overhaul/restrictions to the regulations of the mortgage industry and Wall Street’s derivative markets.
-I expect this bill to include means and ways in which we can investigate the banks, brokerage houses, executives, brokers, appraisers, and agents that made millions from their illegal and fraudulant actions over the past 10 years. This bill should include ability to seize assets from such criminals and use these assets to help payback the taxpayer money spent.
First I want to say, nobody takes the threat of a global recession lightly. I realize that my family’s well being will be effected as well. However, by continuing the bailouts that have begun, are we just delaying the inevitable? Do we keep devaluing our currency until it is worthless to the rest of the world? This is what could potentially happen with all this reckless spending. Giving the Treasury Dept. a ‘blank check’ with NO oversight is a reckless act. There are many avenues to moving the economy forward, and just looking at Bailing out Wall Street Companies and Executives is greatly unfair and unconstitutional.I am an ethical, taxpaying, saving non-homeowner. As a Gen X-er I will tell you that most young families I know are priced out of homes just as they need stability for their young families. Now I am to be penalized for not taking on too much risk! The other profiteers from this plan will be others that have repeatedly and blatantly used the refinancing system to pull money out of their homes in order to sustain a lavish lifestyle. I am all for helping out homeowners that were unjustly taken advantage of by unscrupulous lending schemes. However to make a blanket statement that will write down loans on homes in foreclosure, don’t you think this will perpetuate and encourage more foreclosures? Why be an honest citizen anymore when you can simply go bankrupt/go into foreclosure and ask for hand outs?
September 21, 2008 at 11:35 PM #274115cashflowParticipantThanks CArenter for the link; I am composing a letter to them and hope our voices are heard…Here’s my draft…not quite finished yet.
________
I am writing to express my sincere hope that as my elected officials you will not feel strong armed into signing a bill this week. The financial bailout bill that proposes $700 billion is needed to help failing wall street institutions is nothing that should be taken lightly.
As I would be representative of a fiscally responsible voter, I am asking you to review the following;
-Do not be pressured into signing a bill that threatens to haphazardly and without oversight spend 700 to 1 trillion dollars of taxpayer money. When this much money is at stake, this is exactly when we expect Congress to make educated, unbiased, and bipartisan decisions; no matter how long that takes.
-With that said, inaction is not an option. I would expect a bipartisan agreement that is fair and equatable and is not for the few wealthy constituents, but for the majority. An agreement that is not shortsighted but for the long term health of our country and economy. Being directed by Wall Street is VERY shortsighted.
-Do not continue to support inflationary measures and actions to artificially prop up pricing. Eventually all economies have cycles and this is no exception. We cannot continue to manipulate markets otherwise the downward cycle is much worse (i.e. the current conditions now).
-I expect the Financial Bailout bill to include provisions for major overhaul/restrictions to the regulations of the mortgage industry and Wall Street’s derivative markets.
-I expect this bill to include means and ways in which we can investigate the banks, brokerage houses, executives, brokers, appraisers, and agents that made millions from their illegal and fraudulant actions over the past 10 years. This bill should include ability to seize assets from such criminals and use these assets to help payback the taxpayer money spent.
First I want to say, nobody takes the threat of a global recession lightly. I realize that my family’s well being will be effected as well. However, by continuing the bailouts that have begun, are we just delaying the inevitable? Do we keep devaluing our currency until it is worthless to the rest of the world? This is what could potentially happen with all this reckless spending. Giving the Treasury Dept. a ‘blank check’ with NO oversight is a reckless act. There are many avenues to moving the economy forward, and just looking at Bailing out Wall Street Companies and Executives is greatly unfair and unconstitutional.I am an ethical, taxpaying, saving non-homeowner. As a Gen X-er I will tell you that most young families I know are priced out of homes just as they need stability for their young families. Now I am to be penalized for not taking on too much risk! The other profiteers from this plan will be others that have repeatedly and blatantly used the refinancing system to pull money out of their homes in order to sustain a lavish lifestyle. I am all for helping out homeowners that were unjustly taken advantage of by unscrupulous lending schemes. However to make a blanket statement that will write down loans on homes in foreclosure, don’t you think this will perpetuate and encourage more foreclosures? Why be an honest citizen anymore when you can simply go bankrupt/go into foreclosure and ask for hand outs?
September 22, 2008 at 2:05 AM #273811CA renterParticipantGood one, cashflow. I’d suggest really focusing on the part where the executives and others responsible for the credit bubble have their personal assets seized. I was unable to get all of that in mine due to lack of space (they recommend keeping it to one page).
Here is mine:
Dear Mr. President [or Senator or Representative]:
Under no circumstances should taxpayers be forced — totally against their will — to bail out Wall Street.
If the Federal Reserve and Treasury think loading the taxpayers with trillions of dollars in debt is the only way to deal with our current situation ($700 billion is just a drop in the bucket, and the real cost will be at least $2-5 TRILLION), they need to show us ALL the details which lead them to their conclusion. They should not be able to keep this information opaque if taxpayers are going to pay for it.
If the government wants **OUR** money, they should have to show us **exactly** what would happen if we refused to bail out Wall Street. If they are unable to detail the problems and consequences of letting Wall Street fail, then they don’t have enough information to commit taxpayers’ money to this bailout.
Instead of investigating short sellers who had nothing to do with this mess (they were the ones warning you years ago), why aren’t we hearing about investigations of Wall Street executives, regulators, ratings agencies, hedge fund managers, insurance companies, and most of all…Alan Greenspan, whose policies of cancerous credit growth and ever-higher inflation led us to the disaster we are in today.
All that being said, we do need Treasury to backstop the following:
-FDIC (this should include money market funds, as is currently being discussed)
-SIPC (to cover brokerage accounts)
-PBGC (many pension funds will go bankrupt, and the seniors/future retirees should not have to suffer for Wall Street’s mess)
-A fund should be set up so insurance companies can continue to pay regular property and casualty claims. This fund should be isolated from the financial swaps business.
-Create money that is funneled directly to workers via infrastructure improvement programs and R&D grants in the energy and healthcare fields (only to public universities and non-profit organizations).This is a defining moment in Washington D.C.. I sincerely hope you will back your constituents instead of pillaging what little they have to pay off Wall Street. Your thoughtful consideration is appreciated.
September 22, 2008 at 2:05 AM #274057CA renterParticipantGood one, cashflow. I’d suggest really focusing on the part where the executives and others responsible for the credit bubble have their personal assets seized. I was unable to get all of that in mine due to lack of space (they recommend keeping it to one page).
Here is mine:
Dear Mr. President [or Senator or Representative]:
Under no circumstances should taxpayers be forced — totally against their will — to bail out Wall Street.
If the Federal Reserve and Treasury think loading the taxpayers with trillions of dollars in debt is the only way to deal with our current situation ($700 billion is just a drop in the bucket, and the real cost will be at least $2-5 TRILLION), they need to show us ALL the details which lead them to their conclusion. They should not be able to keep this information opaque if taxpayers are going to pay for it.
If the government wants **OUR** money, they should have to show us **exactly** what would happen if we refused to bail out Wall Street. If they are unable to detail the problems and consequences of letting Wall Street fail, then they don’t have enough information to commit taxpayers’ money to this bailout.
Instead of investigating short sellers who had nothing to do with this mess (they were the ones warning you years ago), why aren’t we hearing about investigations of Wall Street executives, regulators, ratings agencies, hedge fund managers, insurance companies, and most of all…Alan Greenspan, whose policies of cancerous credit growth and ever-higher inflation led us to the disaster we are in today.
All that being said, we do need Treasury to backstop the following:
-FDIC (this should include money market funds, as is currently being discussed)
-SIPC (to cover brokerage accounts)
-PBGC (many pension funds will go bankrupt, and the seniors/future retirees should not have to suffer for Wall Street’s mess)
-A fund should be set up so insurance companies can continue to pay regular property and casualty claims. This fund should be isolated from the financial swaps business.
-Create money that is funneled directly to workers via infrastructure improvement programs and R&D grants in the energy and healthcare fields (only to public universities and non-profit organizations).This is a defining moment in Washington D.C.. I sincerely hope you will back your constituents instead of pillaging what little they have to pay off Wall Street. Your thoughtful consideration is appreciated.
September 22, 2008 at 2:05 AM #274062CA renterParticipantGood one, cashflow. I’d suggest really focusing on the part where the executives and others responsible for the credit bubble have their personal assets seized. I was unable to get all of that in mine due to lack of space (they recommend keeping it to one page).
Here is mine:
Dear Mr. President [or Senator or Representative]:
Under no circumstances should taxpayers be forced — totally against their will — to bail out Wall Street.
If the Federal Reserve and Treasury think loading the taxpayers with trillions of dollars in debt is the only way to deal with our current situation ($700 billion is just a drop in the bucket, and the real cost will be at least $2-5 TRILLION), they need to show us ALL the details which lead them to their conclusion. They should not be able to keep this information opaque if taxpayers are going to pay for it.
If the government wants **OUR** money, they should have to show us **exactly** what would happen if we refused to bail out Wall Street. If they are unable to detail the problems and consequences of letting Wall Street fail, then they don’t have enough information to commit taxpayers’ money to this bailout.
Instead of investigating short sellers who had nothing to do with this mess (they were the ones warning you years ago), why aren’t we hearing about investigations of Wall Street executives, regulators, ratings agencies, hedge fund managers, insurance companies, and most of all…Alan Greenspan, whose policies of cancerous credit growth and ever-higher inflation led us to the disaster we are in today.
All that being said, we do need Treasury to backstop the following:
-FDIC (this should include money market funds, as is currently being discussed)
-SIPC (to cover brokerage accounts)
-PBGC (many pension funds will go bankrupt, and the seniors/future retirees should not have to suffer for Wall Street’s mess)
-A fund should be set up so insurance companies can continue to pay regular property and casualty claims. This fund should be isolated from the financial swaps business.
-Create money that is funneled directly to workers via infrastructure improvement programs and R&D grants in the energy and healthcare fields (only to public universities and non-profit organizations).This is a defining moment in Washington D.C.. I sincerely hope you will back your constituents instead of pillaging what little they have to pay off Wall Street. Your thoughtful consideration is appreciated.
September 22, 2008 at 2:05 AM #274107CA renterParticipantGood one, cashflow. I’d suggest really focusing on the part where the executives and others responsible for the credit bubble have their personal assets seized. I was unable to get all of that in mine due to lack of space (they recommend keeping it to one page).
Here is mine:
Dear Mr. President [or Senator or Representative]:
Under no circumstances should taxpayers be forced — totally against their will — to bail out Wall Street.
If the Federal Reserve and Treasury think loading the taxpayers with trillions of dollars in debt is the only way to deal with our current situation ($700 billion is just a drop in the bucket, and the real cost will be at least $2-5 TRILLION), they need to show us ALL the details which lead them to their conclusion. They should not be able to keep this information opaque if taxpayers are going to pay for it.
If the government wants **OUR** money, they should have to show us **exactly** what would happen if we refused to bail out Wall Street. If they are unable to detail the problems and consequences of letting Wall Street fail, then they don’t have enough information to commit taxpayers’ money to this bailout.
Instead of investigating short sellers who had nothing to do with this mess (they were the ones warning you years ago), why aren’t we hearing about investigations of Wall Street executives, regulators, ratings agencies, hedge fund managers, insurance companies, and most of all…Alan Greenspan, whose policies of cancerous credit growth and ever-higher inflation led us to the disaster we are in today.
All that being said, we do need Treasury to backstop the following:
-FDIC (this should include money market funds, as is currently being discussed)
-SIPC (to cover brokerage accounts)
-PBGC (many pension funds will go bankrupt, and the seniors/future retirees should not have to suffer for Wall Street’s mess)
-A fund should be set up so insurance companies can continue to pay regular property and casualty claims. This fund should be isolated from the financial swaps business.
-Create money that is funneled directly to workers via infrastructure improvement programs and R&D grants in the energy and healthcare fields (only to public universities and non-profit organizations).This is a defining moment in Washington D.C.. I sincerely hope you will back your constituents instead of pillaging what little they have to pay off Wall Street. Your thoughtful consideration is appreciated.
September 22, 2008 at 2:05 AM #274130CA renterParticipantGood one, cashflow. I’d suggest really focusing on the part where the executives and others responsible for the credit bubble have their personal assets seized. I was unable to get all of that in mine due to lack of space (they recommend keeping it to one page).
Here is mine:
Dear Mr. President [or Senator or Representative]:
Under no circumstances should taxpayers be forced — totally against their will — to bail out Wall Street.
If the Federal Reserve and Treasury think loading the taxpayers with trillions of dollars in debt is the only way to deal with our current situation ($700 billion is just a drop in the bucket, and the real cost will be at least $2-5 TRILLION), they need to show us ALL the details which lead them to their conclusion. They should not be able to keep this information opaque if taxpayers are going to pay for it.
If the government wants **OUR** money, they should have to show us **exactly** what would happen if we refused to bail out Wall Street. If they are unable to detail the problems and consequences of letting Wall Street fail, then they don’t have enough information to commit taxpayers’ money to this bailout.
Instead of investigating short sellers who had nothing to do with this mess (they were the ones warning you years ago), why aren’t we hearing about investigations of Wall Street executives, regulators, ratings agencies, hedge fund managers, insurance companies, and most of all…Alan Greenspan, whose policies of cancerous credit growth and ever-higher inflation led us to the disaster we are in today.
All that being said, we do need Treasury to backstop the following:
-FDIC (this should include money market funds, as is currently being discussed)
-SIPC (to cover brokerage accounts)
-PBGC (many pension funds will go bankrupt, and the seniors/future retirees should not have to suffer for Wall Street’s mess)
-A fund should be set up so insurance companies can continue to pay regular property and casualty claims. This fund should be isolated from the financial swaps business.
-Create money that is funneled directly to workers via infrastructure improvement programs and R&D grants in the energy and healthcare fields (only to public universities and non-profit organizations).This is a defining moment in Washington D.C.. I sincerely hope you will back your constituents instead of pillaging what little they have to pay off Wall Street. Your thoughtful consideration is appreciated.
September 22, 2008 at 11:27 AM #273863Mark HolmesParticipantWell, I wrote Feinstein, Boxer, and Susan Davis. Didn’t bother with Bush. Text of my email:
“No Bailout!
I can’t say it any plainer than that. My partner and I have watched with incredulity over the past 8 years as everyone and their brother have taken leave of their senses and overextended themselves with houses, credit cards and cars they really can’t afford.
We have one credit card, two 15-year old cars, and rent our house in a vastly inflated real estate market. We have had hundreds of offers of credit cards, mortgages and car loans pushed on us over the past eight years. We made the responsible decision to not take on too much debt.
So now, we’re supposed to help pay for a bailout of companies and individuals who made bad financial decisions.
I expect you, as our elected representative, to say no to any more of these bailouts.
Period.”
I honestly don’t think it will make a whit of difference, but I couldn’t just sit back and watch them without adding my shout to the chorus.
September 22, 2008 at 11:27 AM #274112Mark HolmesParticipantWell, I wrote Feinstein, Boxer, and Susan Davis. Didn’t bother with Bush. Text of my email:
“No Bailout!
I can’t say it any plainer than that. My partner and I have watched with incredulity over the past 8 years as everyone and their brother have taken leave of their senses and overextended themselves with houses, credit cards and cars they really can’t afford.
We have one credit card, two 15-year old cars, and rent our house in a vastly inflated real estate market. We have had hundreds of offers of credit cards, mortgages and car loans pushed on us over the past eight years. We made the responsible decision to not take on too much debt.
So now, we’re supposed to help pay for a bailout of companies and individuals who made bad financial decisions.
I expect you, as our elected representative, to say no to any more of these bailouts.
Period.”
I honestly don’t think it will make a whit of difference, but I couldn’t just sit back and watch them without adding my shout to the chorus.
September 22, 2008 at 11:27 AM #274116Mark HolmesParticipantWell, I wrote Feinstein, Boxer, and Susan Davis. Didn’t bother with Bush. Text of my email:
“No Bailout!
I can’t say it any plainer than that. My partner and I have watched with incredulity over the past 8 years as everyone and their brother have taken leave of their senses and overextended themselves with houses, credit cards and cars they really can’t afford.
We have one credit card, two 15-year old cars, and rent our house in a vastly inflated real estate market. We have had hundreds of offers of credit cards, mortgages and car loans pushed on us over the past eight years. We made the responsible decision to not take on too much debt.
So now, we’re supposed to help pay for a bailout of companies and individuals who made bad financial decisions.
I expect you, as our elected representative, to say no to any more of these bailouts.
Period.”
I honestly don’t think it will make a whit of difference, but I couldn’t just sit back and watch them without adding my shout to the chorus.
September 22, 2008 at 11:27 AM #274160Mark HolmesParticipantWell, I wrote Feinstein, Boxer, and Susan Davis. Didn’t bother with Bush. Text of my email:
“No Bailout!
I can’t say it any plainer than that. My partner and I have watched with incredulity over the past 8 years as everyone and their brother have taken leave of their senses and overextended themselves with houses, credit cards and cars they really can’t afford.
We have one credit card, two 15-year old cars, and rent our house in a vastly inflated real estate market. We have had hundreds of offers of credit cards, mortgages and car loans pushed on us over the past eight years. We made the responsible decision to not take on too much debt.
So now, we’re supposed to help pay for a bailout of companies and individuals who made bad financial decisions.
I expect you, as our elected representative, to say no to any more of these bailouts.
Period.”
I honestly don’t think it will make a whit of difference, but I couldn’t just sit back and watch them without adding my shout to the chorus.
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