Pardonnez-Moi, The Gangsters I Mean, The Banksters I Mean, The Bankers Are Getting WHAT from WHOM?

Come on, you have got to be kidding me. Do you really want the American public to believe that you had absolutely no idea the magnitude of this Financial Tsunami that is upon us now? Were you not aware that since late 2006 '286' major U.S. lending operations have "imploded". How many RED FLAGS did you need? What you are considering is a MORAL HAZARD to the nth degree.

The Banksters took the outrageous investment risk at their shareholders and account holders expense. Ben Bernanke allowed the Banksters to grossly reduced the minimum amount of capital (liquid cash) they needed to keep on their balance sheets. Ben Bernanke allowed the Banksters to remove all of the mortgages I mean 'bad-debt' from their balance sheets in order to allow them to continue to churn these bad mortgages and report healthy earnings to their shareholders. Ben Bernanke siphoned BILLIONS of OUR dollars to an already hemorrhaging banking system after the credit market dried.

Okay okay, I know, what good is it to re-hash ALL of the BAD choices you made to enable the Banksters. But really now you must be conscientious of the fact that by providing ALL of these CORPORATIONS with the WELFARE they are begging you for then YOU MUST pardon EVERY U.S. CITIZEN of ALL of their bad-debts as well no? How about doing away with the IRS? I mean you don't seem to have a problem pulling TRILLIONS of dollars out of thin air. Thus causing our dollar to depreciate to next to nothing. Do you see what I am getting at? If each citizen is responsible for paying back the personal debt they have accumulated and pay taxes or die, then so must the corporations. What is going to stop the Banksters from doing this again? NOTHING. Not the rule of law. Not the government. Certainly not Wall Street. It's time to pay the piper!

Who will you have to bail out next. Hhhmm let us see, the credit card companies? When ALL of American citizens are not able to pay their bills and default on their credit card debt perhaps. Where will it STOP?

We are, I thought, proud of the free-markets that we created that helped to influence the entire global financial community. Do not disintegrate Capitalism! If you do what you are planning to do, you might as well do away with our country's ideals, the law and democracy as we know it! You MUST let the markets correct themselves naturally. The banks will find buyers and/or outside capital. Please, I implore you, DO NOT bankrupt OUR government because of their greed, irresponsible lending practices and their decision to agree to participate in the exotic investment vehicles (SIVs, CDOs, MBSs) derivatives that have created this fiasco. It's not too late, there is STILL time to do the RIGHT thing for a change.

Let us ALL examine your history for one moment please.

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Ben Shalom Bernanke is the Chairman of the Board of Governors of the United States Federal Reserve. Bernanke succeeded Alan Greenspan on February 1, 2006.

The Chairman of the Federal Reserve, Ben Bernanke is "particularly interested in the economic and political causes of the Great Depression, on which he has written extensively. [REALLY? You sure fooled me] On Milton Friedman's ninetieth birthday, November 8, 2002, he stated: "Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve System. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again." [Now who were you promising this to?] His Alma maters are Harvard College and MIT." [excerpts taken from Wikipedia.org]

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Henry Merritt "Hank" Paulson Jr. is the United States Treasury Secretary and member of the International Monetary Fund Board of Governors. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.

United States Secretary of the Treasury, Henry Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972. He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.

He joined Goldman Sachs in 1974, working in the firm's Chicago office. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988. From 1990 to November 1994, he was co-head of Investment Banking, then, Chief Operating Officer from December 1994 to June 1998; eventually succeeding Jon Corzine (now Governor of New Jersey) as its chief executive. His compensation package, according to reports, was US$37 million in 2005, and US$16.4 million projected for 2006. His net worth has been estimated at over US$700 million.

Paulson has personally built close relations with China during his career. In July 2008 it was reported by The Daily Telegraph that: "Treasury Secretary Hank Paulson has intimate relations with the Chinese elite, dating from his days at Goldman Sachs when he visited the country over 70 times." His Alma maters are Dartmouth College, Harvard University. [Excerpts taken from Wikipedia.org]