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Viral e-mail forward mocks Wall Street bailout
RAW STORY
Wednesday, Sept 24, 2008
As retrieved from the Washington Post and numerous other sources, a satirical e-mail frames the proposed $700 billion Wall Street bailout as a Nigerian 419 scam. The author is unknown:
Dear American:
I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.
I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.
I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.
(Article continues below)
This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.
Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.
Yours Faithfully Minister of Treasury Paulson
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28 Responses to “Viral e-mail forward mocks Wall Street bailout”
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September 24th, 2008 at 4:11 am
Superb . . .
September 24th, 2008 at 4:46 am
Is this a summary of the real plan? Very funny! The actual plan does somewhat resemble a Nigerian style con job with the added twist of legislated “immunity” and “no government review”. Thanks for some humor as the ship springs more leaks. May God have mercy on us all. Where’s my lifeboat?!
September 24th, 2008 at 5:25 am
I get email garbage like that all the time. usually I block them out and cross reference their addresses with each other !!!!!!!!!!!!!!!!!!!!!!!
http://www.youtube.com/watch?v=P8fgAS0w9Q8
September 24th, 2008 at 7:10 am
RE: Protestant Christian
Protestant Christian writes: “Is this a summary of the real plan?”
Only a stupid idiot that reads the bible 23 hours a day would think a Nigerian con letter could be the “real bailout plan”. It’s for MORON’S like you that our government tries to take advantage of the real American people, with Trillion dollar foolsgold bailout schemes that will ruin our country while banksters move overseas and count their billions. Another sad thing is religous dopes like yourself probably have a college degree which makes your written letters really frightening. Another thing that pisses me off about you religous freaks is that you don’t really care if taxpayers have to cough up the money because you holy rollers go back to your church, raise funds and the WHOLE THING IS TAX EXEMPT! I’d chew you no good, god beggers out some more but it’s time for you bible study class.
September 24th, 2008 at 7:41 am
That’s good shit!
ROFLMAO!
September 24th, 2008 at 8:44 am
http://www.haloscan.com/commen.....88/#850534
September 24th, 2008 at 11:56 am
YES! FINALLY THE HCKERS GET INVOLVED…I AM STILL WAITING…AND HOPING…FOR A “FLAGGED WORDS” EMAIL BOMB/WORM..ETC…THAT POSTS WORDS TO EMAILS ….WORDS LIKE..”EXPLOSIVES…ALLAH..” (I WONDER IF THIS IS BEING FLAGGED RIGHT NOW?) BUT THAT WAY..IF MILLIONS OF EMAILS ALL OF A SUDDEN HAD THE FALGGED WORDS…HEY..IT’S THE…”FLUSH ALL THE TOILETS IN MANHATTAN AND DRAIN THE EAST RIVER” PROTEST…JUST CLOG TH SNITCH NETWROK WITH SO MUCH SHIT….MAKE EM PUT ANOTHER MILLION ON THE ‘LIST’….
THERE IS NO THREAT…NOT FROM THE DUNECOONS….THE THREAT IS FROM OUR ‘REPRESENTATIVES’…WHO ARE DOING..AND ABOUT TO O…MORE DAMAGE THAN ANY IRON FISTED COMMUNIST DOICTATORSHIP OR “TERRORIST” EVER DID…OR COULD EVNE COME CLOSE TO DOING….
SO…WAY TO GO HACKERS….THANKS! WE DESPERATELY NEED ‘COUNTER MEASURES’ TO THE CORPORATE FASCIST THEOCRACY…WE NEED EM NOW….
LIVE FREE OR DIE..FREE FROM SNITCHES…FREE FROM RELIGION..FREE FROM CORPORATE FASCIST OVERLORDS…ETC..
WATCH YOUR BACKS…
September 24th, 2008 at 11:56 am
Goldman Sachs, paid its Chairman and CEO Lloyd Blankfein $70 million last year.
Co-Chief Operating Officers Gary Cohn and Jon Winkereid were paid $72.5 million and $71 million, respectively.
• Morgan Stanley Chairman John Mack earned $1.6 million. Chief Financial Officer Colin Kelleher got a $21 million paycheck in 2007.
• Merrill Lynch CEO John Thain was paid $17 million in salary, bonuses and stock options in 2007.
• Bank of America CEO Kenneth Lewis earned $25 million in 2007.
• JP Morgan Chase & Co. Chairman and CEO James Dimon earned $28 million in 2007. • Fannie Mae CEO Daniel Mudd received $11.6 million in 2007. His counterpart at Freddie Mac, Richard Syron, brought in $18 million.
• Wachovia Corp. Chairman and CEO G. Kennedy Thompson received $21 million in 2007. He was succeeded by Robert Steel as CEO in July. Steel is slated to get a $1 million salary with an opportunity for a $12 million bonus.
• Washington Mutual (NYSE:WAMU) will pay its new CEO Alan Fishman a salary and incentive package worth more than $20 million through 2009.
• CEOs of large U.S. corporations averaged $10.8 million in total compensation in 2006, more than 364 times the pay of the average U.S. worker
September 24th, 2008 at 12:00 pm
@ECTOENDOMEZO
Your such a fake. By Fake I mean Im sure you believe your own bullshit (during your brief bouts of insanity), yet I doubt you do anything but type at a keyboard.
September 24th, 2008 at 12:08 pm
If Wall Street doesn’t like these conditions, then it is welcome to find private investors to help it out of this debacle. But if the American people are going to take this hit, then we must have a say in the terms of the deal - even if we don’t have an army of High-Paid Lobbyists at our disposal like they do.
September 24th, 2008 at 12:51 pm
Shipping containers could be ‘dream’ homes for thousands…
You can file this story under GOP crap sandwich. No it does not look like a cheeseburger and I for one am not going to eat it! Take it back! For the rest of the drones they should be happy to give up those big ole houses that they can’t afford anyway. Don’t mind that you’ll roast in the summer and freeze in the winter. And do you catch the irony in this Bailout request that doesnt help homeowners? Shipping containers for your future survival? Get it? You lost your old house because you lost your job. But not to worry, you have a new house now because you get to live in a used shipping container that was full of the products that you used to make! Problem solved.
September 24th, 2008 at 2:30 pm
If the taxpayers are shouldering the risk, the taxpayers should reap any eventual benefits. We accomplish this by giving the government an equity stake in every company we bail out proportionate to the amount we give them.
September 24th, 2008 at 2:34 pm
Ron Paul explains how the extreme government intervention proposed by neo-fascists Paulson and the rest of the Bush Administration would in fact hurt the people. Any time you plunder the living day lights out of responsible individuals in order to back stop the mistakes of the ignorant, greedy and/or corrupt banking practices, you are setting EVERYONE up for Failure. NO TAXPAYER BAIL OUTS FOR NWO Stooges.
September 24th, 2008 at 2:42 pm
GOP’s busted their banks and Wall Street keeps sliding and with the “Sound Fundamentals” of the Economy? Yeah, Right. Real simple you cannot spend money you don’t have to fight two wars that Never End and cost Trillions of borrowed dollars. These wars have turned into occupations and all we get in return is dead Americans.
September 24th, 2008 at 3:03 pm
Paulson’s former firm to be among largest beneficiaries of bailout: bank
…Paulson was the head of Goldman Sach’s investment banking division from 1990 to 1994. He later became chairman and chief executive officer of Goldman, and left his post to join the Bush Administration…
Whats wrong with this picture
Isnt this what is known as Bribery on the highest level? Well bribe for a couple thousand we send Senetors to prison, Bribe for Billions we call them Saviours of the Economy.
September 24th, 2008 at 3:27 pm
Hell No! This Bailout is what Naomi Klein was saying about in the “Shock Doctrine.” I am pissed and I will not be willingly handing over any money, to cushion their already good nest egg (I.E. Golden Parachute). All the Middle Class and poor are suffering…The Bush Years have decimated the Middle Class. We are still paying for Iraq (in the Trillions now) and our servicemen are still dying. Let the Politicians and Wall Street feel what we are feeling. Tax the rich that’s were the money is!!!
September 24th, 2008 at 4:25 pm
Lets not forget The Big Three in Detroit want a $25 billion bailout.
Oh they’re calling it a loan but don’t kid yourself.
Even if they repay this chunk of pork in kind it’s still a huge taxpayer gift in the form of an unfair advantage over other automobile manufacturers who provide good paying jobs in this country but happened to be headquartered elsewhere.
Does anyone really think that GM, Ford, and Chrysler are anything but huge international conglomerates? Does Ford for example really care about the Middle Class when it hopes to open up cheaper labor in other Third World countries they can exploit for ditching the American Worker?
Does anyone really think that the management at these companies will restore Union style Wages and Benefits to their employees or bring back the thousands upon thousands of jobs they’ve already outsourced? Add them to the Bailout Paulson, that way we can buy American or at least pretend we are.
September 24th, 2008 at 4:32 pm
People are rightfully drawing parallels to the push for the Iraq War in relation to the push for the “Great BailOut of 2008″. Another valid analogy includes the rushed passage of the already written (sic) USA PATRIOT Act just weeks after 9/11, which has hammered our free society ever since. When we say ‘already written’ we mean: It had years of trial and error of never getting past Congress due to its blatant purpose to counter the Constitution. Look up: “problem, reaction, solution” if you want some insight into how Scheming ZioCons seek to gain more power. The Bailout is set up to be the Largest Transfer of Wealth in US HISTORY. or as the Latin say, “Who Benefits?”
September 24th, 2008 at 4:40 pm
On the Big Three Bailout…the C.E.O.’s of these porkers are making as they swagger up to the Public Feeding Trough.
G. Richard Wagoner makes somewhere between $14,415,914 and $19,761,874 depending upon whether you believe the SEC or AFLCIO.
For Alan Mulally, C.E.O. of FORD Motor Company, the numbers are even bigger. Mulally raked in somewhere between $21,670,674 and $22,750,385 (22.7 Million) last year. And who even knows what’s going on with the head of Chrysler, Bob Nardelli, as this company is now privately owned by Cerberus Capital Management.
Suffice it to say, if the average person is lucky to be making $40,000 a year these high rollers are making over 500 times that much!
Then again why not use tax money to subsidize these companies with a “Golden Parachute?”
September 24th, 2008 at 4:45 pm
What about McCain?
Isnt he what America needs to kick the NeoCons out of Power and bring back Conservative Financial Responsibility to US Government Bailout options?
Check this out…
Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the Mortgage Giants FANNIE MAE and FREDDIE MAC to defend them against stricter regulations, current and former officials say….
Yep, that’s McCain; change, change, change. Before he, Palin and Bush are done we’ll be lucky to have the change in our pockets!
September 24th, 2008 at 4:46 pm
Lucius Says: Paulson’s former firm to be among largest beneficiaries of bailout: bank
…Paulson was the head of Goldman Sach’s investment banking division from 1990 to 1994. He later became chairman and chief executive officer of Goldman, and left his post to join the Bush Administration…
Whats wrong with this picture
Isnt this what is known as Bribery on the highest level?
This is normal practice for the corrupt Bu$$$h administration. Just think about that dick Cheney and the Halliburton no bid contracts.
kleptocracy
Main Entry: klep·toc·ra·cy
Date: 1819
: government by those who seek chiefly status and personal gain at the expense of the governed ; also : a particular government of this kind
September 24th, 2008 at 4:59 pm
All these Politicians can think about doing right now is: 1. Delaying the inevitable reckoning; 2. Taking money out of the pockets of the prudent to pay into those who made less financial gambling decisions; 3. Trying to play God; 4. Creating far greater pain when the shit fully hits the fan.
Plain and simple, with this unnatural nonsense, these people are making our future WORSE. Do not fall for their chicanery. They say Nero fiddles as Rome burns.
September 24th, 2008 at 5:28 pm
Jon Stewart of the Daily Show was particularly incensed by Treasury Secretary Henry Paulson’s coy reluctance to accept taxpayers’ money unless his decision on how to spend it are made “non-reviewable.”
“Before we hand this Munster-esque unelected official 700 BILLION no-strings-attached-dollars,” Stewart remarked, “there is one thing you should know –this financial guru never saw it coming.”
“I’ve got great confidence in our financial market,” Paulson stated last March. “Our Markets are resilient, are flexible. Our Institutions, our Banks, and Investment Banks, are strong.”
Stewart turned next to “Daily Show” analyst John Oliver, saying, “After Katrina, after Iraq… I didn’t think there was another area that these guys could screw up.”
“It wasn’t easy,” Oliver replied, “It was like finding a vein on a failure junkie.”
“Is this economic crisis, then, sort of the turd icing on this administration’s shitcake?” Stewart wondered.
“You’re saying the president here won’t be satisfied until American children are eating roadkill?” suggested Stewart.
“Until they’re fighting over roadkill,” Oliver emphasized. “Until roadkill is the prize for the strongest.”
September 24th, 2008 at 6:27 pm
Bear Stearns has no more right to be bailed out than the Big 3 in Detroit. The investment banks pay out 50% of revenues in the form of compensation to its rock star bankers, meanwhile, not building a capital base and overleveraging the balance sheet. Let Them Fail!
This only encourages the perpetuation of flawed system. The system of credit controls this country, its politics, its industry. If you look back at the forming of the FED it was created to stabalize and now they finally admit, banks need the taxpayer to bail them out when they are leveraged 74 to 1 debt ratio.
But hey whats a couple Trillion among friends
September 24th, 2008 at 6:31 pm
As the owner of a medium sized business I have little sympathy for the likes of Bear Stearns/Fannie/Freddie. Im not sure when the government became such an integral part of American business. My understanding was you invested both money and resources and wisely managed them, and in return there should be “PROFITS”, that again needed to be wisely managed.
Those who recklessly mismanaged funds, and leveraged their companies with no collateral loans and funds should face the music as all small/medium firms do. The “gurus” on Wall Street may hold Harvard MBA’s, but they dont seem to have any basic understanding of risk management.
It is not rocket science, let them fail.
September 24th, 2008 at 7:03 pm
For a Country that professes to hate Socialism, one would have to say that the actions of the Fed, Treasury and Administration make this look very PINK, if not a little bit RED. There used to be rumors that the Commies wanted to take over the US Government if only they could enslave the US first.
Now the lesson here is that the unthinkable has occurred. We have expanded the money supply (and commensurate debt) more than 1000-fold in LESS than 40 years, yet no one really thinks that we have expanded economic growth and real wealth to anything near that level.
The euro and dollar, like all fiat currencies, are dependent on the strength of their underlying economies, economies Addicted to credit from increasingly insolvent banks, banks which are in far more trouble than presently believed.
The last and final act of capitalism will be characterized by the looting of what little remains in our national treasuries as central bankers bail out the banks that caused our present problems. The only thing new is our surprise that it is happening.
“The Central Bank (Known as the FED) is an institution of the most deadly hostility existing against the Principles and form of our Constitution…Bankers are more dangerous than standing armies … [and] If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”
Thomas Jefferson
September 24th, 2008 at 8:44 pm
“There are two ways to conquer and enslave a nation.
One is by sword. The other is by debt.”
– John Adams, US President
September 24th, 2008 at 9:16 pm
If Treasury Secretary Henry Paulson’s request for a $700 BILLION Bailout is approved, it will bring the total government tab for saving Wall Street from itself to $1.25 trillion.
Congress also shouldn’t let Paulson anywhere near the management of the buyout fund - and frankly, shouldn’t feel compelled to approve a $700 billion bailout without strong regulatory protections for American citizens.
Under the plans being considered the Taxpayer is being tapped to cover LOSSES even before the stock and bond holders ! Even the equity stake idea lets the bond holders off the hook.
Where is the accountability for the investors that profited for all those Fat Decades of the Housing Bubble? In a Communist country the government decides where the money should be invested without any accountability. That is why Communism failed to keep pace with a Free Market. However, what we have here is a failure by the government to let the market correct itself because according to Bernake… we may go into a recession. Now that is a funny joke Bernake. What you mean is we may go into Depression V2.0