Nigerian E-mail scam? Nope. It's the Paulson bailout. Seriously.

Blogger's note: This e-mail is making the rounds today; I saw it first on this blog, posted as a comment. It speaks for itself.

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 transaction is 100% safe.

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
Henry Paulson

Analysis: What a country, right?

--Peter Viles

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Photo: Treasury Secretary Henry Paulson

Credit: Bloomberg News

Comments

[Frank Martin]

Ben, Alan & Hank should be put in orange jumpsuits!!!!!

[LC]

What wll it take for you Americans to see the scam taking place. I can't imagine that you will let this WS bailout continue week after week. If you think this is the end, kid yourself not. If you don't stop them you and your families will end up in the streets. The big shots don't care about you, why would you give them the right time of bailout.
Rescue my eye! Abraham Lincoln is likely turning in his grave! Slavery revisited!!! Wake up you guys!! Reclaim your country...START THE REVOLUTION BEFORE IT'S TOO LATE. Love your neighbour.

[Ace]

This won't seem so funny in 10 years when the Asians start hiring Caucasians to be their nannies and house boys.

[Henry]

Let Wall Street Pay

Okay, Wall Street greed got us into this financial mess, now let’s let them get us out of it!

If the taxpayers(Main Street) bail out Wall Street, then Wall Street has to pay them(us)back in full, plus expenses, and interest. Sort of like Wall Street does to us citizens every day – pay them in full plus expenses and interest.

Here’s a simple solution to this mess. Congress should give Wall Street the money to keep our financial system afloat, and then immediately pass a law establishing a per share “America Recovery Surcharge” of ten cents on every share of stock traded on all the exchanges in the US. This charge is a small price to pay for avoiding the entire stock market to collapse.

Yesterday, September 26th the volume of shares traded on the NYSE and Nasdaq was 7.45 billion shares, so the “America Recovery Surcharge” imposed on the stock exchanges(buyers and sellers) would be $745 million. Makes sense, since Wall Street and the greedy speculators caused this problem, let them pay us back for the assistance we are giving them. This surcharge should continue until all the bailout monies plus interest and expenses have been paid.

No bickering on who owes what or the value of the assets, just a small fee on each share traded to repay the debt. Keep in mind, we all have to pay “energy surcharges” on many other bills we pay every day. Why not a “America Recovery Surcharge” on the institutions that caused this mess.

Oh, by the way, this small fee just may stop the short seller speculators, who prey on the market every day since they often open and close positions on movements in a stock price of less than a dollar. If they had to pay the ten cents on each share of stock, they would think twice about making these trades that bring down the market. Also, when the debt is repaid and Wall Street knows that they will have to pay this charge again if they mess up, just maybe they will police themselves and act appropriately in the future.

Henry Sullivan

Vernon, CT 06066

[LC]

To get a real understanding of what "Derivatives" mean go to kereport.com as Bob Moriarty speaks out today and defines it. This will give you a true understanding of the scope of the financial crisis not only in the U.S. but world wide. The mainstream media don't have a clue. .
The $700 billion is only one 1/1000th of the 596 Trillion dollar financial crisis. Therefore, Paulson is just infusing fear in the people about economic collapse when the $700 billion is just a crumb of the pie and can't heal the enormus wound. The $700 billion is about protecting the very few who control the money and has nothing to do with protecting the people. The inevitable crash will hapeen, the question is when?