- The Washington Times - Wednesday, January 21, 2009

For several months, we’ve been hearing of a major financial crisis facing our nation, caused, apparently, by mismanagement within several of our largest money firms. In addition, we were told that our three main car manufacturers also needed billions of dollars to enable them to continue in business. On top of this, we have been fighting a protracted war against Muslim terrorists in the Middle East, which already has cost our nation more than $100 billion and about 4,000 young American lives. Truly, we’ve gotten ourselves in a multiple mess for some time.

Meanwhile, my wife and I - and our family - lived frugally and saved as we were able, anticipating some expensive needs in the future. Suddenly, when the recent money crunch was announced, 24 percent of our money was “stolen” from our savings. These are personal funds, earned and saved by individuals. We have no idea, or reassurance, that we’ll ever see those funds again. We don’t know who took them or if these thieves will ever be caught. At our ages, this presents a real problem. Our money is gone, probably for good.

I still wonder what happened to all the millions of financial records the default agencies possessed before their demise. Also, is it really possible that the savings of millions of Americans could be legally stolen? Does our Constitution permit such behavior?


Altoona, Pa.

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