Friday, February 24, 2006

Americans have even an indirect say on federal monetary & credit policy: NEVER EVER


The SEC sided with Bank of America and JP Morgan Chase to keep my shareholder proposal recommending the bank institute tougher mortgage lending standards to help tame the housing price inflation off the proxy ballot.

Just a no brainer easy credit terms pump too much new money into the market to drive up the prices of scarce commodities like housing.

Too dangerous to let Americans vote directly on something that really counts.

Will be REALLY different in a Klein administration.

NO WAY I'D TAKE TIME OUT IN THE LAST QUARTER OF MY LIFE JUST TO BE THE CARETAKER OF POLCIES AND A GOVERNING STYLE I THROUGHLY DETEST.
______________

at, 4 Mar 2006 09:05:04 -0800 (PST)
From: MARK KLEIN, M.D." View Contact Details Add Mobile Alert
Subject: Reform of the SEC will be a priority item in a Klein administration
To: SEC" , anthony.horan@chase.com, william.mostyn@bankofamerica.com
CC: gmorgenson@nytimes.com, norris@nytimes.com, paul.steiger@wsj.com, ratlas@nytimes.com, cdeutsch@nytimes.com, managing-editor@nytimes.com, executive-editor@nytimes.com, ovaloffice2008@gmail.com, "Chuck Todd"

I'm fed up with SEC being the lap dog for the K Street crowd, big business and money center banks. Sure, no problemo approving a shareholder proposal to save the manatees, but HEAVEN FORBID Americans get to vote on Dr. Klein's proposal about something real like credit allocation standards.

NOW I KNOW WHY TEDDY R AND FDR WENT HAMMER AND TONGS AGAINST THE MALFACTORS OF WEALTH AND THEIR LACKIES.

Nice to know this e-mail will be forever enshrined in the archives of the United States of America.

Perhaps in some future totalitarian darkness a student, like my son mentioned in a previous e-mail, will find it doing research in the National Archives. Inspired to action he'll ignite a political revolution to bring back democracy.

The way this country is headed, dear Sirs, there'll soon be nothing left of freedom of speech and private conscience. We're practically there already.

ONE ROYAL ROAD TO TYRANNY IS TO DESTROY THE MIDDLE CLASS BY TURNING THEM INTO THE FUNCTIONAL EQIVALENT OF TENNANT FARMERS ENSLAVED FOREVER BY DEBT.

Remember Tennesee Ernie Ford's hit song "16 Tons"?

"16 tons and what do you get,
another day older and deeper in debt.
St Peter don't you call me because I can't go,
I owe my soul to the company store."

IN A KLEIN ADMINISTRATION MIDDLE CLASS AMERICANS ARE GOING TO GET A
NEW NEW DEAL.

Can see the New Yorker cartoon now. Instead of a wealthy socialite saying she's going down to hiss Roosevelt at the Translux, a white shoe Wall Street lawyer type will say the same thing about me except it will be at a cineplex.

MARK KLEIN, M.D.

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