Nigeria on the Potomac :)

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 [email protected] 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

Seen at: http://www.boingboing.net/2008/09/22/hank-paulsons-bailou.html

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  • Typical leftist shift of blame from the people what really caused the situation. Phil Graham has been a fiscal conservative since day 1 and as such is as blameless as Senator can possibly be. ( that is to say nonzero )

    FYI: A meaningful NONZERO ( effective = interest rate – inflation rate ) interest rate is required for a stable financial system. When it costs nothing to speculate its should not be a big surprise that the system goes unstable. The FED simply left interest rates too low too long. Of course it does not help that political pressure was applied to end redlining among many other things.

    All stable systems have significant real axis involvement 1 + 1j for instance. You can’t go to .1 + 1j and not expect severe humping of your bode plot.