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Letter Re: Comments on the 2008 Financial Collapse and the Mother of All Bailouts (MOAB)
Hi Jim,
This [current economic news] is nauseating. Now, not only are we in the insurance
business, but we the taxpayer are going to be forced to purchase all of the
bad and recklessly
created debt generated over the last eight years. We know it's bad, it's even
been called "toxic debt". We're not going to be given a choice on
whether or not
we want
to purchase it. It's being purchased in our name and we have no say about it.
I can think of no better definition of socialism.
If this is not the end of the world as we know it, it certainly is the end
of our once great country as we knew it.
Seeing all of the pundits saying that this is a wonderful idea, I am reminded
of a quote from Star Wars III, Revenge of the Sith, when Padmé Amidala
says, "So
this is how liberty dies... with thunderous applause." Regards, - Rod
