Found this over at 7 West:
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.
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
Seriously, the bailout plan being offered is about as bad as those email scams that I readily relegate to trash if they manage to get through my spam filter. And that’s where this bailout plan belongs: in the trash.
Indeed. People should go to jail (including those who threatened legal action against banks to coerce them into making loans to people who could not pay them back), and those who took loans they could not afford should lose them. Then you will see some affordable housing again.
Agreed. Most people know not to invest their money in a failing business. Exactly why is our government forcing us aboard this Titanic?
Funny thing is, the feds dumped Fannie Mae back in ’68 to get the losses off-budget.