Saturday, May 17

Hit 'Em Where It Hurts

As most of you know, I traveled to New York last month to protest the bailout of Bear Stearns by you, the taxpayer. Perhaps you pay no attention tpo what is happening with our country's finances, and if so, that is fine. The short version of the story is that speculators made spectacular bets that they could rich with mortgages. It turns out they were wrong, and now they have gone to the government and asked to be bailed out. They are going to raise YOUR taxes to do it.

Do you like paying for other people's mistakes?

Would you like to do something about it?

There is something VERY powerful and VERY simply you can do about it.

(I like simple and powerful.)

Here's the what you do: Between June 5 and June 15 this year, pull all your cash out of the bank. All of it. For those who want to know more, here's a website describing it. In short, what will happen when you pull your cash out of your bank is that the banks are forced to lend less money. Since the bankers are the ones who made the bad bets, lost a ton of money and are now asking Congress to make good all their bad bets with YOUR tax money, it only makes sense to hit them where it hurts.

Let's do this together.

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