PLEASE SEND THIS TO YOUR CONGRESSIONAL REPRESENTATIVES:
LET THE PRIVATE FED BUY BACK ITS OWN MORTGAGES
As you know the ultimate source of our currency is the Federal Reserve Bank. In as much as this quasi private bank creates all the national debt except the government created debt that it sells to private interests there is no reason why the ultimate creditor should not buy the failed mortgage securities instead of the American tax payer.
The FED can then itself sell the mortgages that it rehabilitates back into the private sector. This strategy relieves the tax payer of the burden that Wall Street, Secretary Paulson and Chairman Bernanke wants to create for all of us. The ultimate creditor, the Federal Reserve should be responsible for the debts it has created.
The described methodology is how the FED operates currently on a less grand scale. It buys and sells securities to control the money supply and stabilize the currency's value.
It would be heroic if you would field this strategy to a bipartisan group of Senators and Congressman.
Thank you for your service to us all.