Comments on H.R.467 To put State and local governments and other public entity or instrumentality established under State law in the same position they would have been in had the Secretary of the Treasury and the Board of Governors of the Federal Reserve System provided emergency financial assistance to Lehman Brothers Holdings Inc. by requiring the Secretary of the Treasury to purchase bonds issued by such financial institution, and for other purposes.

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Dear Congress Woman Speier,

This Legislation is the wrong thing to do. State and Local governments must only invest excess cash in save investments. In the event they do invest in risky investments that go broke, the local government agency must go broke too as the appropriate reward for bad behavior. Then the voters can elect more qualified officials. Robbing the federal government tax payers to pay for bad local government investment is the wrong thing to do.

Nancy Moore
CA-12
Albany
2010-05-31 07:19:03

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