2008

I commend you for voting for the bailout yesterday. I am disappointed at the stock market rise today (almost 500 points on the Dow), which essentially was Wall Street saying, “We don’t need no stupid bailout.” I think, though, that… Read More »Another letter to Congressman

After listening to people talk about the crisis for days, I’m not so sure that it’s as bad as I first thought it was. It should be pretty bad to warrant a $700 billion bailout. I thought people were talking… Read More »How Bad Is the Financial Crisis?

I think we have to do something to prevent the US financial system from self-destructing. Therefore, I support doing something along the lines recommended by Sec. Paulson and Fed chief Bernanke. However, it seemed to me from their testimony this… Read More »Another letter to congressmen re financial bailout

The economic collapse on Wall Street may be the beginning of the end for the United States’ superpower status, coming about 15 years after the Soviet Union lost its superpower status, also mainly because of economic failures. The US will… Read More »No More Superpower

Paulson and company have decided to insure money market accounts up to $50 billion. That’s too much for me. Granted, a couple of money market funds have “broken the buck” and have lost so much money that they can’t return… Read More »A Bridge Loan Too Far

John McCain has attacked Biden for saying that is patriotic to pay your fair share of taxes. McCain lost me totally, because I agree with Biden. McCain is against supporting the troops in Iraq. It’s tax money that buys their… Read More »Biden Is a Patriot, McCain Is Not

I have just read that the government is going to bail out AIG. At this point there may be no alternative if our financial system is going to survive. But you have presided over a massive transfer of wealth from… Read More »Letter to the President

I have just read that the government is going to bail out AIG. At this point there may be no alternative if our financial system is going to survive. But you have presided over a massive transfer of wealth from… Read More »Letter to Congressman and Senators

This Reuters article describes how Wall Street helps foreign investors avoid paying taxes on money made in the US. Clearly they don’t care about 9/11, and the poor GIs fighting in Afghanistan and Iraq because of it. No need for… Read More »Wall Street Hates America