Here is a copy of my email to Ms Burnett.
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"Do you think the government and its agencies have used too much power regarding the banking situation?"
In answer to your question I would refer you to the plight of Washington Mutual, which has otherwise been intentionally ignored by major media – including CNBC.
Seized and sold (more like given) to JPM without valid justification, other than to be a sacrificial lamb in Paulson/Bernanke’s effort to justify TARP, along with propping up JPM. Major lawsuits are currently pending
against both JPM and FDIC regarding what should be characterized as an illegal seizure and sale of an otherwise solvent bank, along with many entities that actually belong to the bank holding company – WMI, and not to the bank itself. Sheila Bair of the FDIC has admittedly stated that her agency does not have the authority or resources available to seize or deal with bank holding companies, and yet has done nothing to correct the
wrongdoings in the WAMU seizure and sale. Apparently her ties to JPM and Mr. Dimon are stronger than her sense of right and wrong. The story just goes on and on, and yet again as I’ve previously stated – it goes without coverage by major media (CNBC included).
I am certain that you will hear similar comments regarding Washington Mutual as a result of your invitation for answers to your question. But more importantly will be your response and what you and your organization will do in bringing this information to the general public. The American people have a right to know of their government’s strong arm tactics and absence of integrity in fulfilling their duties.
