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Bailout Bill

George Karavelis

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From: George karavelis <>

Subject: Re: bailout bill

To: "Young, Bill" <>

Date: Wednesday, October 15, 2008, 12:13 PM

Dear Congressman Young,

Thank you for being one of the courageous Congressman to stand up to the "Bail-Out" bill and avoid the "arm twisting" that usually occurs, when the Bill is put up to a vote, the second time around. How could Congressman vote against the Bill, and then five days later turn around and vote for the criminal legislation?? What really disturbs me Congressman, are the comments from one of your fellow legislators, another honest lawmaker named Brad Sherman. Congressman Sherman stated on October 2nd that several members of Congress were threatened before the Bail-Out Bill vote. Congressman Sherman expressed in two interviews that if this "unjust" legislation was not passed, that Martial Law would be commenced. Both House Leaders, Hoyer and Pelosi must explain, why a constitutionally elected Representative would make these very serious allegations. Since I am privy to more classified information than most of your constituents, due to a family member being employed by the Federal Bureau of Investigation, for a substantial period of time. My other questions are: President Bush has only been seen giving Press statements from inside the White House lawn and not outside its boundaries, which legitimizes the findings of my impeccable sources that the President is being held by Navy Flag Officers under house arrest. Now you can fully understand why your constituents and the citizens of other states have lost every sense of credibility towards their elected representatives..Thank you once again for standing up to the unconstitutional Bail-Out Legislation..


George Karavelis


--- On Tue, 10/14/08, Young, Bill <> wrote:

From: Young, Bill <>

Subject: bailout bill


Date: Tuesday, October 14, 2008, 4:49 PM

Dear George:

Thank you for letting me know of your concerns about the highly controversial Emergency Economic Stabilization Act of 2008.  As you are probably aware, on October 3rd, the Congress gave final approval to this legislation, which was subsequently signed into law by the President just hours later.  You will be pleased to learn, however, that I was one of 171 Republican and Democrat Members of the House of Representatives that remained opposed to this enormous $700 billion bailout.

It is unusual to say the least to see the largest federal bailout in American history being pushed through Congress with only two weeks of negotiations, without the benefit of a single Committee hearing, and without Members of either party having an opportunity to offer amendments to the bill.  We should hear from experts on all sides of this issue before considering such unprecedented legislation.  And to do this right we should thoroughly examine how we got to this point and work to produce a package that is not just a big business bailout for Wall Street.

In addition, it is important to note the very people that allowed this instability in the marketplace to occur will now basically be put back in charge with the passing of this bill.  This fact is extremely disconcerting to me, especially after learning that Secretary Paulson and the various Committee Chairmen of jurisdiction said they saw signs of this financial credit dilemma over a year ago and did not share that information with Congress and the American public.  Rather than pressuring us to accept their “take it or leave it” relief package, why did they not advise us then of the impending economic downturn?  This would have surely given all of those Members like me ample time to ask questions on the issue and offer a broad range of ideas to find a solution.  My goal is to stabilize and strengthen financial industries in America at the same time protecting the taxpayer.  But the bill enacted just a few days ago did neither. 

This government intervention into the free marketplace goes against my basic philosophy of smaller government, which I feel offers the most promising foundation for our economic future.  The federal government must not become the nation’s bank because it puts private investors and managers out of business.  We must be very realistic in the way we approach this matter and you can be certain that I am steadfastly committed to advancing this agenda with conviction, compassion, and common sense, in order to secure a bright future for all Americans.

Again, thank you for taking the time to contact me regarding this matter of mutual concern.  It is my hope that you will continue to keep me apprised of your interest in legislative issues important to you.  With best wishes and personal regards, I am

Congressman C.W. Bill Young (FL-10)

2407 Rayburn House Office Building

Washington, DC. 20515

Phone: 202-225-5961


George Karavelis

(727) 742-2555