Sunday, December 6, 2009

Letter to your investment advisor --Vote with your feet

So thinking in the spirit of Christmas, I was worried about all those Investment Advisors out there who might not get enough of a bonus.  After all, their cheerleading has helped this unbelievable recovery.  Then I thought...hmmm....they stole the taxpayers money, and then after continuing on a path of systemic risk, they are going to reward themselves with record bonuses, while many go hungry, homeless, live in fear of the future.

So, consider the following letter which you can use to send to the investor representative and CEO of your favorite bankster.

Gentlemen and Ladies,

In light of the fact that excessive leverage and speculation has again been under taken by those who do know better, and has again put our country and it's citizens under a strong threat of systemic risk. 

In light of the fact that 14% of all homeowners are missing their mortgage payments or are truly already in default, directly related to predatory lending practices.

In light of the fact that irresponsible "investing" advice has led to a massive transference of wealth which is nothing short of outright thievery.

In light of the fact that the monetary policies of the Fed, as enabled by vested interest financial institutions, and furthered by hundreds of millions of dollars of lobbying with the clear goal of corrupting the system, has resulted in a massive loss of purchasing power of our US dollar, thus penalizing those who have worked and saved responsibly, and rewarding those who engage in overly risky behavior.

In light of these facts, I believe it would be innapropriate for any US financial institutions to issue any large bonuses to their employees.  The greed and arrogance that would be represented by such a handout will be met with the following action:

If any employee of your company receives more than $30,000 bonus this year, I will be closing my accounts with your institution on January 10, 2010.  I will transfer all assets to financial institutions that did not exceed the $30,000 bonus price cap.

Please respond as to your intentions.

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Insightful and Useful Comment!