$700 billion taken by bankers

When the stock market crashed in 1929, the wealth in America did not evaporate. It just changed hands.

The U.S. Senate and the U.S. House of Representatives have approved a $700 billion bailout for investment bankers. This missing $700 billion did not evaporate either. It was stolen by investment bankers. Now the Congress of the United States has voted to take $700 billion from the treasury (taxpayers) to replace the $700 billion stolen by investment bankers.

The federal government does not have enough financial managers to handle the details of this bailout so, according to Public Radio, the government, our congressmen (Democrat and Republican)and the Bush administration, in their wisdom are going to hire the investment bankers who stole the money to handle the details of the bailout.

Sens. Obama and McCain along with out own infamous Sen. Larry Craig and Rep. Simpson voted for the bailout. Sen. Crapo and U.S. Rep. Sali voted against it.

If every man, woman and child in the United States were to be given an equal share of the $700 billion, we would each receive about $250,000. Prior to the bailout every man, woman and child would have had to pony up about $33,000 to pay off the national debt. Now we can add another $250,000 for a total of $283,000 per person.

Chris Ketner

Naples