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November 27, 2009

Barney Frank?

Aside from the pending collapse of the big three, we should also be concerned about the "committee" that has been appointed to head up the bail out of these giants. This committee is being headed up by Congressman Barney Frank, the same man as we all know, was actually far more responsible than Pres. Bush for the recent economic collapse of our banking system through his "de-regulation" of sub-prime mortgage lending. If Barney is to have the same effect on Ford, GM and Chrysler as he did on Sallie Mae and Freddie Mac it may be better to just let them file, re-organize, and actually become competitive in the world market again.

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