Yesterday the TARP over site board expressed their disgust of the way Paulson and Bernanke have handled the first 350 Billion bail out moneys which was handed to he banking industry….hundreds of angry readers took their time and posted their comments, most of them I have read.
I have decided to write an open letter to Mr. Paulson and Bernanke
Americans Wish List;
Mr. Please assemble the Greedy criminal Bankers who took our money to the same room where you have met them, in Washington, but this time please ask them to come up with their Check Book, they can still show up with the stretched limousines, private jets, and give them the following options
A. For every dollar they have gotten from us, they must extend credit to credit worthy Americans; small/large businesses
B. Rewrite mortgages/adjusting principles helping home owners keep the roof above their families.
OR WRITE US A CHECK BACK - FOR THE FULL AMOUNT, right now.
Regarding B, adapt the President Elect approach, forget about the speculators excuse, he said “ if my neighbor house is on fire, and the fire is moving towards my home, my first concern is to put the fire down” the bankers are throwing at us disinformation lately; that 50% of the amended rewritten mortgages are in default. It must is be checked, the conduct of the banks which “Say” we will help, we'll rewrite our mortgages is a scam, they twist and force homeowner hand since they hold the better hand, lets check the details…. Criminals rarely change, especially the ones who get Billions.
2. Yesterday our “Best Friends” the Saudis, the promoters of Wahabi Islam, the Maddrasas backers/financiers around the globe specifically in Pakistan and Sudan where terrorist hatch on a daily bases, not to mention that most of September 11 terrorist are Saudi Arabians, have informed us that they would cut output more than analysts forecast, oil prices have shot up, King Abdullah, in an interview with a Kuwaiti newspaper published Saturday,cited $75 per barrel as a favorable target. said that would be a "fair price".
I have a suggestion, actually I can say the American people have a suggestion to Mr. King Abdullah, we will give you guys our Fair Price, for our Grain, Aircraft, Military Equipment, Technology etc. specially designed for you, the fear is almost over, soon the need for the Middle East oil will be gone, Chinese, European and maybe American technologies are on the verge of introducing Plug and drive, green vehicles, in no time these technologies will improve, get better, Air Plains and Ships will use them, then you guys might have to drink the oil, and here is the punch line: if you guys will artificially, buy cutting production, will increase oil prices, there will be no reserves that you'll be able to hide, there will be no money for you to buy our product which will be artificially priced just for you.
Have no fear Mr. W. Bush, Mr. Obama, Ms. Clinton their time is up.
3.Auto Bailout Clears House but Faces Hurdles in Senate
The Detroit auto makers are really funny, blind, corrupt, have no sense of the market need, totally numb, they actually can take the bail out money, which will hand to them, rain or shine, and buy the technology, it's here !!!!!! Chinese Electric Cars and Plug-in Hybrids in Israel as of 2009 in Europe by 2010, the specification looks very promising, just go to Mr. Warren Buffet, he have major stake in this Chinese company, he'll help I am sure, he'll be glad to take a bite from the free bail out money. Give him a call....The current management must go, otherwise change won't happen, they must.
GM should stop his advertising blitz of the VOLT, waist of money, too early, it won't happen, they are stating end of 2010, but we know them, just before the date they'll announce “sorry” it will be end of 2011, give us money, more money.
My advise is: stop waisting precious Dollars that you don't have, for once get real candid with us, it will help you with us, it will repair the tarnished image of the U.S. Automakers, a little, but it's a good start.
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