Dear US Government Leadership,
banks and insurance firms like AIG should be involuntarily forced into bankruptcy court proceedings, like American Citizens are forced to today.
- Why is this not occurring?
- They are protected by the US Government executives.
- Correct it now, it is not too late:
Take the executive's bonuses and assets "earned" fraudulently over the time of their unsavory and illegal activities while record losses were accruing: initiate a RICO investigation.
- Why are these executives protected?
Citizens in bankruptcy assets are taken to pay creditors, have you spoken to them?
This looks like ENRON, the banks and market makers knew the trouble they were in, there is NO EQUITY in US LAW and JUSTICE in handling these cases.
Regards, your voter and constituent.
** make them raise PRIVATE capital:
Richard M. Kovacevich, chairman of Wells Fargo, expressed outrage at the TARP money he accepted and the strings that might be attached to it after the bonus bill passed last week.
“Is this America, when you can do what your government asks you to do and then retroactively you also have additional conditions put on?” he asked after a speech at Stanford University, according to Reuters. He went on to say that he wished he had never accepted the TARP money.
“We would have been able to raise private capital at that time, and with that private capital, given what is going on today, it is very unlikely that we would have had to reduce the dividend.”
http://www.nytimes.com/2009/03/24/business/24sorkin.html?_r=3&partner=rss&emc=rss
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