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<DIV><FONT size=2>So the taxpayers buy $700 Billion worth of difficult,
expensive, if even possible to collect bad debt arising from the greed of banks,
security businesses, developers, and realtors, and the congress adds another
$100 Billion in tax break give-aways.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Now how to implement this grand, absolutely counter-intuitive
plan: </FONT><FONT size=2>From today's <FONT size=2><EM>NY Times:
</EM></FONT>news:</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT color=#0000ff size=2>"The Treasury has barely a month to create one
of the world’s largest asset management firms and put a dollar value on assets
that no one wants."</FONT></DIV>
<DIV><FONT color=#0000ff size=2></FONT> </DIV>
<DIV><FONT size=2><FONT color=#ff0000>"There are a lot of people, because of the
downsizing of Wall Street, who won’t be getting a paycheck at all. They would
love to be involved."<BR></FONT><A
href="http://www.nytimes.com/2008/10/04/business/economy/04plan.html?th&emc=th"
target=_blank><FONT color=#000000>JOSHUA S. SIEGEL,</FONT></A> of Stone Capital
Partners, on recruiting people to oversee the Treasury’s bailout
effort.</FONT></DIV>
<DIV><FONT color=#0000ff size=2></FONT> </DIV>
<DIV><FONT size=2>Aren't these some of the same SOBs that got us into this
mess? And now we hire them to get us out of it? </FONT><FONT
size=2>Fucking Wonderful!!!!!</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>And what business and experience does the federal government
have in managing commercial financial assets? What is the probability of
success of this ill-founded con?
<DIV><FONT size=2></FONT> </DIV></FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Then there's Senator's Larry Craig's wonderful newsletter
explaining why the bailout is not a bailout basically by saying all this
difficult, expensive, if even possible to collect bad debt will be collected and
will benefit taxpayers. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>It's too bad that Craig's activities in a public restrooms
weren't caught years ago so we would be free of this kind of obsequious
pandering to the greedy, irresponsible rich who have preyed on the rest of us --
where such predatory behavior was allowed top occur in part because of the lack
of intelligent government regulation and oversight, and where such regulation
and oversight was vigorously opposed by the likes of Craig.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>In great anger over the blessing of our legislators of both
parties for the loss of personal responsibility,</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Wayne A. Fox<BR>1009 Karen Lane<BR>PO Box 9421<BR>Moscow,
ID 83843</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><A href="mailto:waf@moscow.com">waf@moscow.com</A><BR>208
882-7975</FONT></DIV></BODY></HTML>