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Thursday, September 25, 2008

Let's Play "Wall Street Bailout" (Not)

Must See: The truly Democratic and democratic Rep. Marcy Kaptur of Ohio speaks truth to power on the absurd bailout bill, and suggests a better plan.

Note that the Sunlight Foundation has counted so far this year sponsored by the financial services sector for (or featuring) lawmakers considering the bailout bill. Gee, I wonder why that is.

Go to votenobailout.org to express yourself via email. You can also call our Congressional delegation:

Domenici's office: 505 346-6791
Bingaman's office: 505 346-6601
Wilson's office: 505 346-6781
Udall's office: (505) 984-8950
Pearce's office: (505) 522-2219

Oh, and have you seen this one yet? Yes, it's a spoof but, sadly, it's so close to reality it hurts:

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had a crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transacting is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Ministry of Treasury Paulson

(h/t to Terry Riley and TH)

September 25, 2008 at 12:43 PM in Business, Corporatism, Crime, Economy, Populism, Government, Public Policy | Permalink

Comments

Please send all your money now!! I have WON!!

Posted by: bg | Sep 25, 2008 2:28:34 PM

I predict McCain will vote against it and go after Obama on this. The conservatives say they won't vote for it and McCain can earn points with the base. Obama will be left holding the bag.

I wish every single member of Congress would vote no and call Wall Street's bluff. Let the cards fall where they may. We're gonna get hit either way so why given them the $700B on top of that?

Posted by: JJ | Sep 25, 2008 2:54:13 PM

I emailed our congressmen (their staff, in reality) to PAY for the bailout with a 50% tax on short-term capital gains for the next 5 years or until all $$ have been paid back, also a 50% tax on annual income for the same.

Posted by: | Sep 26, 2008 8:03:39 AM

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