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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (122294)	5/11/2008 10:04:38 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 306849

Dear TickerForum Members: Last month I spent a couple of days in Washington DC meeting with my congressman and requesting appointments with any congressmen (members of House Financial Services Committee)/senators/staffers who would see me about the BSC "bailout". I used an introductory letter and this summary (provided below). My efforts resulted in five private sessions (two congressmen, US Senate Chief Economist and financial advisor to a senator, Dem and Rep senior counsel to HFSC, and Chief of Staff to congressman) and plenty of contacts with staffers that might be helpful in trying to protect taxpayers. Until someone convinces me otherwise, I think the most direct route to arouse taxpayers about their slight "problem" is through the House hearing on BSC. The exact date of the hearing can only be pinned down to "in two to three weeks with a three day notice". Consequently, I opened communication channels that can get questions back to members of the HFSC to help them "prepare" for the hearing. So this is our chance to possibly affect the outcome of the hearing and I challenge everyone to come up with questions that can be directed to someone from the Fed (could be Bernanke), Treasury, etc. You have undoubtedly watched hearings and are aware of the time constraints so, in that short time, we have to expose why and to what extent taxpayers are at risk in graphic terms and language that taxpayers will be able to understand. I would be especially grateful if someone can figure out how to do this regarding credit default swaps. I know cynics have already concluded the whole process is one big charade, and that may be true, however let's pretend they are being forthright in their "discovery" for the next three weeks. I have promised my contacts anonymity. I said I would solicit the questions if they will be reviewed by members of the HFSC. I am highly confident they will be reviewed. Whether members choose to use them is out of my control. So now you have something constructive to do to help taxpayers. I would like to have something to send them in about a week. Thanks for your help. Rutben tickerforum.org