Letter Re: Credit Crisis Attracts Carpetbaggers from Europe

Jim,
In your novel "Patriots" the UN and Europe’s storm troopers waited until [after] the collapse [to move in] but in reality they are not [waiting]. With foreign banks buying (or should I say trying to buy) US banks and larger euro banks trying to buy the sub prime loans from several sources and now they are trying to make us a new sweat shop because of our falling dollar.

They are gobbling up all of the defaulting residential and commercial property that they can, to a the average person that looks at it they are helping, but no there not they are buying up the US, including banks, right out from under us and the Federal Reserve and the greed of the big business people are selling us right down a bad path. I can tell you that the Fed is giving these banks tax credits when they take over the housing mess and they will come in and build their products and trade out the tax credits for export taxes and we will get pennies and they will get the dollars. [The European bankers] will own the property. Hmmm... As a believer in he golden rule, I can see that they will have the gold, and the land, so they will end up making the rules. - CDR