Senator Bunning says stopping the invisible hand of the market is Socialism

At the Senate Banking, Housing, and Urban Affairs Committee hearing on "Turmoil in U.S. Credit Markets: Examining the Recent Actions of Federal Financial Regulators," Senator Jim Bunning (R-KY) says his first question is how big do you have to be to be too big to fail, and he does not like the idea of the Fed getting involved in the bailout of that company [Bear Stearns]. I want to hear from the witnesses, he says, why they thought it was necessary to stop the invisible hand of the market from delivering discipline. That, he says, is Socialism. (:38)
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[robert amber]

Senator Bunning,

Please do everything in your power to stop the tax payer
backed bailout of Fannie May and Freddie Mac.

It does no good to expand the role of government in this
fashion.

Thank you!

Robert Amber

[David A. Kane]

Dear Mr. Bunning,

I can only hope my Senators from Oklahoma and others across this great Nation understand the underlying problems with

our economy - THE FED - as well as you Mr. Bunning exhibited after viewing your comments to the Senate Banking

Committee recently.

From your comments I feel you (and a few others like Ron Paul) have read, "The Creature from Jekyll Island - A second

look at the Federal Reserve."

This banking bailout bill (written mostly by Bank of America and Countrywide) will end up benefiting banks the most

while making debt slaves of the children of this nation through the future taxation to pay for this boon doggle.

This bill that is being rammed down the American taxpayer's throat under the pretense that it will somehow benefit home

owner's faciing foreclosure!

Mark my words that Treasury will use their blank check within a matter of weeks - not months - and in the end it will

put us on the hook for at least One Trillion dollars - after Ccongress raises whatever initial caps they put in place

I hope you filibuster this bill and may I suggest you read aloud on the Senate floor, "The Creature of Jekyll Island"

followed by "Confessions of an Economic Hitman" and finally Dave Ramsey's "Total Money Make over."

Through CSPN coverage and the media reporting what you are reading you will help educate a financially ignorant

population and put us on the path to financial prosperity first as an individual and second as a nation. Hell you

might even end up educating the members of Congress and the Senate in the process.

American's must WAKE up to what is going on in this country. The transfer of wealth to the FED (private Bank) is

blantantly obvious as they take on more and more collateral and help Wall-Street CEO's and a select few others which

are bailed out repeatively by this goverment.

Trickle down economics is not working!

The FED, through their action (not words) is intentionally devaluing the US dollar. They are doing this by adding more

and more liquidity (dollars) to the system. The total SLOSH is approximately $200 Billion!

A basic understanding of supply and demand explains that too many dollars floating around makes the dollar worth less.

Of course now Commerical Banks and EVEN Investment Banks can pledge collateral including credit cards and auto loans

and through the discount window so they can then take these converted funds and speculate in the commodities market,

which in turn drives up prices of Oil and increases inflation further. All this action in in a vain attemot to shore

up the banking system as the Fed IS a private bank and they look after their own.

Meanwhile the American's standard of living is being destroyed through inflation (bought milk, eggs or gas lately?)

devaluing of the dollar which makes travel abroad ridiculously expensive not to mention the loss home value but worse,

the destruction of investments through a "Free Market" which is constantly interfered with by the FED.

Since the FED is scarificing the US dollar by their actions,, and is NOT going to support the dollar by reducing

liquidity anytime soon, I suggest you help them in a way that will help ALL Americans, HELP support the banking system

and HELP reduce or maintain the current budget deficit.

Why not send every household $300,000.00 and tax US on this amount which benefits tresuary and allows American citizens

to pay off our mortgages, debts, and put the rest into the banking system where it will bolster the bank's reserves

which are so desperately needed.

The FED is intent on destroying the dollar so help them but HELP Americans in the process. Either way the dollar is

goiing to be devalued! Who do you want to help? Is it private banks or American citizens?

Call it a trickle up economics.

I will leave you with the words of Thomas Jefferson, penned some 200-years ago,

If the American people ever allow private banks
to control the issue of their money,
first by inflation and then by deflation,
the banks and corporations that will
grow up around them (around the banks),
will deprive the people of their property
until their children will wake up homeless
on the continent their fathers conquered."

There are a few of us in this country that understand how bad this bandaid (Bailout bill) placed on a gashing wound

(insolvant banks) will possibily destroy this country financially in the future just as Thomas Jefferson realized 200-

years ago.

Unfortunately, it is occurring on your watch!

http://www.youtube.com/watch?v=j7MCohPgkXo

God bless you as you take on the biggest fight of your life.

Sincerely,

David A. Kane
Father of 3-boys under 12-years old.