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Friday, October 17, 2008

Second Open Letter to the United States Congress

The following letter was sent to my elected representatives on October 17, 2008. I suggest you write one to your elected rerpesentatives requesting your "stock" certificates be sent directly to you for safe keeping.

"The purpose of this letter is to request information about the contractual nature that the US Treasury has with the various financial institutions, which Congress has authorized the Treasury to nationalize. Specifically, is the Treasury receiving voting shares for its investment? If so, how and by whom will these shares be voted? If shares are being issued, I would like to receive mine in the mail. Otherwise, I am concerned that when these shares appreciate, as they must according to Mr. Paulson (as he knows that the mark to market rule allowed him to buy these shares at a depressed value), then I want to make sure that my pro rata share of the proceeds are returned to me. Otherwise, I fear they will be absorbed by the US Government and returned to organizations such as ACORN, Fannie Mae, Freddie Mac, and other entities who do not have my best interest in mind.

While I await word from you, I will spend my time in retirement working to recover one-third of my life savings. Plan B is to figure out how to die 33% sooner than my actuarial age, which will be bad for me, but even worse for those who were depending on my continued contribution to their prosperity and ultimate realization of the 'American Dream.' ”

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Remember ...

"You're entitled to your own opinion, but you're not entitled to your own facts," Sen. Daniel Patrick Moynihan.

"Against public stupidity, the gods themselves are powerless." Schiller.

“Who controls the past controls the future. Who controls the present controls the past.” – George Orwell, 1984

"Statistics are no substitute for judgement," Henry Clay

"The problem with socialism is that you eventually run out of other peoples' money," Margaret Thatcher