Congressman Charlie Dent - Vote "No" for Bank Bailouts
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As a resident of your District, I expect you to vote against any and all proposals to use money taken from taxpayers to support in any manner investment banks, commercial banks, mortgage companies, investors and/or individuals who now face the consequences of their own imprudent decisions.
You and the government have no constitutional authority to protect and reward them in any case, much less at the expense of individuals through taxation, further indebtedness, and further devaluation of the dollar.
If you want to help them, you are free to write a personal check.
The market is simply attempting to clear out the cumulative impact of years of both government meddling and its active encouragement of economically unwise behavior.
The global markets are far more powerful than the current misguided, puny efforts of the U.S. government - already more than $75 Trillion in debt in both its on- and off-budget obligations - to intervene and interfere further in the markets now.
At least one of your colleagues has seen this coming for years. The current situation should be of no surprise to any of you on Capitol Hill.
http://www.lewrockwell.com/paul/paul128.html
Taking the above information into account I again state I expect you to vote against any and all proposals to bail out investment banks, commercial banks, mortgage companies and investors at the expense of the taxpayers.
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