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GOLDMAN-SACHS LOOTS AMERICA!
MSNBC ^ | Not Known | Dick Bachert

Posted on 11/12/2009 9:48:02 AM PST by Dick Bachert

IF THIS DOESN'T HACK YOU OFF, NOTHING WILL!!!

Take your blood pressure meds, a Prozac and click on the link.

It was described thus by an earlier critic of the madness we're now living through:

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many (THAT'D BE MOST OF US), it actually enriches some.” (THAT'D BE GOLDDMAN-SACHS!) John Maynard Keynes, The Economic Consequences of The Peace, 1920

Obozo and Bawney Fwank are proposing a new financial regulatory bureaucracy. Wanna bet none of it will come down on their buds at places like Goldman-Sachs??

Sounds like time for tar and feathers to me.


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: bailout; dollar; gold; goldmansachs; obama; paulson; tarp; theft

1 posted on 11/12/2009 9:48:02 AM PST by Dick Bachert
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To: Dick Bachert
"Take your blood pressure meds, a Prozac"

Good advice. You may wish to add some lithium too.

2 posted on 11/12/2009 9:51:09 AM PST by Uncle Miltie (America, 1776 - 2009. R.I.P.)
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To: Dick Bachert

In general, politicians, specifically liberal Democrat Congressmen/ Senators, are nothing but pathological liars and thieves.


3 posted on 11/12/2009 9:51:25 AM PST by RatRipper (I'll ride a turtle to work every day before I buy anything from Government Motors.)
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To: Dick Bachert

Dick, if inflation leaves our money worthless, doesn’t that leave Goldman-Sachs’ money worthless?


4 posted on 11/12/2009 10:00:12 AM PST by DoughtyOne (Unseal the lock box containing every document pertaining to Obama's life, TODAY!)
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To: DoughtyOne

NOT IF THEY WERE THE FIRST IN LINE TO CONVERT IT INTO TANGIBLES LIKE REAL ESTATE BEFORE IT HIT THE SYSTEM AND DILUTED THE VALUE OF THE STUFF THEN IN CIRCULATION.

The folks at the bottom of the food chain (that’s us) take the biggest hit in the process.


5 posted on 11/12/2009 10:04:45 AM PST by Dick Bachert ('08 WASN'T AN ELECTION. IT WAS AN INFESTATION. FUMIGATION HAS ALREADY BEGUN!)
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To: DoughtyOne
Sorry for the yelling in the last post. Guess this is so infuriating, I kinda lost my head.

And that would be my suggestion for all of those who perpetrated and profited in this theft.

Photobucket

May those who engineered – and are exacerbating -- the trashing of the economy and caused all this misery meet the same fate – and SOON!

6 posted on 11/12/2009 10:14:10 AM PST by Dick Bachert ('08 WASN'T AN ELECTION. IT WAS AN INFESTATION. FUMIGATION HAS ALREADY BEGUN!)
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To: Dick Bachert

goldman s bump


7 posted on 11/12/2009 10:15:51 AM PST by Taffini ( Mr. Pippen and Mr. Waffles do not approve)
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To: Dick Bachert

Dick, have you noted what the value of property has done over the last year? Business property has taken a severe hit. Vacancy rates are alarming in many areas. And what are those properties worth if when you sell them, you take payment in “DOLLARS”? There’s no real way out of this for your argument to work, unless you’re claiming Goldman-Sachs is going to convert their holdings to some magic foreign currency that itself isn’t being deflated as we speak.

Your bottom line comment about the little guy taking the biggest hit is true. None the less, if firms like Goldman-Sachs take a hit, more little guys will feel it.

Our futures are not completely disassociated one from the other.


8 posted on 11/12/2009 10:15:57 AM PST by DoughtyOne (Unseal the lock box containing every document pertaining to Obama's life, TODAY!)
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To: Dick Bachert

No problem. Take care bud.


9 posted on 11/12/2009 10:17:21 AM PST by DoughtyOne (Unseal the lock box containing every document pertaining to Obama's life, TODAY!)
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Currently, deflation, not inflation, is a the greater risk. That’s why the prices of assets are dropping.


10 posted on 11/12/2009 10:20:58 AM PST by white17x
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To: Dick Bachert

Goldman Sachs is a criminal enterprise.


11 posted on 11/12/2009 10:26:11 AM PST by Sleeping Freeper
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To: DoughtyOne

While I agree with some of your rebuttal that we’re all linked, remember that outfits like Goldman are big into the currency trading business and can — and do — move those paper denominators around to maximize profits. Then there’s gold, silver and other tangible commodities as a means to — at a minimum — keep pace with the destruction of those fiat currencies and — in the best case — profit there as well.

Then there’s the matter of the increased power and influence — political and otherwise — that those huge influxes of that currency can purchase for them, allowing beneficial (to them) changes in the rules and regulations by which they are SUPPOSED to operate their businesses (the tilting of the proverbial “level playing field.”) And the rest of us won’t find out about any of that for decades, by which time they will have undertaken even MORE looting of the rest of us.

While still not impossible, that process would be far more difficult if we had HONEST, STABLE MONEY.


12 posted on 11/12/2009 10:28:08 AM PST by Dick Bachert ('08 WASN'T AN ELECTION. IT WAS AN INFESTATION. FUMIGATION HAS ALREADY BEGUN!)
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To: Dick Bachert

Stuff like this that triggered the Communist movements.


13 posted on 11/12/2009 10:47:28 AM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Dick Bachert

MSNBC has just realized that Goldman-Sachs is organized scum. This should be breaking news . . .

(I wonder if they will make any mention of the political party in which so many Goldman - Sachs executives seem to belong.)


14 posted on 11/12/2009 10:50:08 AM PST by sig226 (Bring back Jimmy Carter!)
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To: Dick Bachert

I agree that stable money is a must. I also agree that there are problems with the major Wall Street players.

What does occur to me though, is that these Wall Street players are being blamed for the mess we’re in. To the extent they took advantage of laws that enabled them, I find it very problematic. I do however recognize the root of that problem, and it lays at the feet of people like Barney Frank.

How that man and his fellow travelers can sit there on Capital Hill (or the White House) and blame big Wall Street players is beyond me. Didn’t they set up the rules that allowed these firms to operate? Didn’t they set up the rules that not only allowed, but actually forced major lending firms to extend non-repayable loans? Didn’t they make rules that allowed the bundling of worthless paper?

When the collapse that was inevitable did occur, didn’t they bail out the Wall Street firms? And then didn’t they blame those Wall Street players for playing inside the rules they set up?

A thriving economy needs capital. It needs a “Wall Street”. What we have seen is a concerted effort to destroy our Wall Street. That effort is ongoing, because a lot of the bailed out mortgages are being bailed out for people who don’t have the slightest ability to service them. The next wave will come... and it’s not going to be Goldman-Sachs that caused it.

To my way of thinking, we are biting the bait of the leftists when we trash organizations like Goldman-Sachs. They don’t want a free market economy, and they are doing their best to destroy the reputation of that free market economy. If Barney Frank and his fellow travelers didn’t like what Goldman-Sachs was doing, they could have prevented it. Did they?

When Fanny Mae and Freddie Mac were buying up bad loans, did these brain-trusts step in to make sure sound fiscal policy was returned to? Hell no. They fought Bush when he expressed an interest in fixing things. I don’t think he tried very hard either, but lets get real. Wall Street didn’t break rules to do what they did.

That being the case, why are we marching on Wall Street when we should be marching on Congress?

Who is it that is destroying the value of our money? It sure isn’t Goldman-Sachs.


15 posted on 11/12/2009 10:51:04 AM PST by DoughtyOne (Unseal the lock box containing every document pertaining to Obama's life, TODAY!)
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To: DoughtyOne
They fought Bush when he expressed an interest in fixing things.

All Bush had to do was make it clear that there would be no bailouts, that no one was too big to fail.

TARP was the template for everything Obama has done to the economy since he was sworn in.

And, please check my tag line.

16 posted on 11/12/2009 11:13:19 AM PST by Notary Sojac ("Goldman Sachs" is to "US economy" as "lamprey" is to "lake trout")
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To: Notary Sojac

While I agree with you, the demise of companies like Goldman-Sachs would not have been impact free.

My complaints with Bush are these. He didn’t make a massive stink out of what was taking place long before the crash. He did implement TARP.

I will say that by the time TARP was initiated, it was too late for the nation. It was screwed no matter what.

You know, I detest what the Democrats facilitated by choice, but I am furious with the Republicans who controlled Congress for eight years, and did nothing to avoid the calamity.

We’ve been screwed blued and tattooed by both parties.


17 posted on 11/12/2009 11:19:57 AM PST by DoughtyOne (Unseal the lock box containing every document pertaining to Obama's life, TODAY!)
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To: DoughtyOne

“While I agree with you, the demise of companies like Goldman-Sachs would not have been impact free.

My complaints with Bush are these. He didn’t make a massive stink out of what was taking place long before the crash. He did implement TARP.

I will say that by the time TARP was initiated, it was too late for the nation. It was screwed no matter what.

You know, I detest what the Democrats facilitated by choice, but I am furious with the Republicans who controlled Congress for eight years, and did nothing to avoid the calamity.

We’ve been screwed blued and tattooed by both parties.”

_____

Elephants and Asses, screwing the masses....:<)


18 posted on 11/12/2009 11:25:43 AM PST by AuntB (If Al Qaeda grew drugs & burned our forests instead of armed Mexican Cartels would anyone notice?)
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To: AuntB

Elephants and Asses, screwing the masses! The Tea Party reulted from this revelation. 2010 will be a bloodbath for Ds & Rs!


19 posted on 11/12/2009 11:32:26 AM PST by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: AuntB

So true, and kudos to you. ;-)


20 posted on 11/12/2009 11:34:15 AM PST by DoughtyOne (Unseal the lock box containing every document pertaining to Obama's life, TODAY!)
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To: DoughtyOne
the demise of companies like Goldman-Sachs would not have been impact free

In the same way, surgery and radiotherapy have a much bigger "impact" on melanoma than would using Bactine and Band-Aids.

But that doesn't mean they're worse for you in the long run.

21 posted on 11/12/2009 11:38:11 AM PST by Notary Sojac ("Goldman Sachs" is to "US economy" as "lamprey" is to "lake trout")
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To: Dick Bachert

Just before a country collapses, it’s leaders & powerbrokers take the money and run.


22 posted on 11/12/2009 11:38:39 AM PST by ctdonath2 (End the coup!)
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To: DoughtyOne
Business property has taken a severe hit.

Buy now! A lot of great properties are going cheap. Who cares about vacancy rates? the population isn't imploding, so someone will want those rentals again. I recall something about Trump buying a particular near-empty building on prime land for next to nothing, hanging onto it for a while, then renting/selling it for enormous sums.

what are those properties worth if when you sell them, you take payment in “DOLLARS”?

Why dollars? Take payment in whatever you like. If the dollar has collapsed, take yen or euros or gold or art. SOMETHING will be of popular value.

Currency is just a conduit for wealth. If you have enough of it now, you can turn it into deflated investments which will bloom later.

23 posted on 11/12/2009 11:45:15 AM PST by ctdonath2 (End the coup!)
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To: Notary Sojac

I initially defended TARP, but it’s been proven undeniably that it was a complete sham. Funds that had to be spent in days or the nation was going down, weren’t spent for months. I’m not even sure they were ever disbursed in total.

Your comment inferring that Goldman-Sachs should have been allowed to fall doesn’t’ meet with objection from me.

The part that would have really infuriated me about that though, is that the people who devised and pushed through the policies that saw it crash, would have remained in positions of power within our government.

They should have been tossed in the nearest prison for cause.


24 posted on 11/12/2009 11:46:41 AM PST by DoughtyOne (Unseal the lock box containing every document pertaining to Obama's life, TODAY!)
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To: DoughtyOne
Doughty, No, the FRIENDS of Goldman-Sachs -- many of whom are former G-S people now or then in government -- are who are destroying our "money" and economy to enrich themselves, with either power or material wealth or both.

Yes, we need a market system like a Wall Street but we need to figure out how to keep that playing field level for EVERYONE. We also have to get shareholders in businesses to pay more attention to what's going on with these interlocking/overlapping boards of directors that lead to the "you scrath my back and I'll vote for your outrageous compensation package" excesses we've seen the last few years. I own shares in at least one company where the compensation of the CEO and top managers is based 80% on COMPANY PERFORMANCE. We need a LOT more of that. Once the public loses confidence that the markets are fair for all, the system will implode. Revolutions have begun for less.

(In a follow-up post, I'll send you a link to two videos by a respected author and student of history describing how and why we she believes we got here. I agree with her.)

I once did a radio interview with a noted national theologian who offered that "Capitalism without an underlying God based faith system (in his and my case Christianity) is nothing more than a HUNTING LICENSE." He was correct and we're living through the result.

And you're preaching to the choir vis-a-vis the role played by Bawney, Chris Dudd, Paulson, et al. In fact, I did this little graphic -- which you've probably stumbled across here before -- many months ago. This is an updated version as it appears that the same criminals are preparing to do it to us a second time. Can I get a BOHICA? (Bend Over, Here It Comes Again.)

Photobucket

Be safe. There are many dangerous folk about and not all of them are with the government.

25 posted on 11/12/2009 11:49:32 AM PST by Dick Bachert ('08 WASN'T AN ELECTION. IT WAS AN INFESTATION. FUMIGATION HAS ALREADY BEGUN!)
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To: DoughtyOne

“First we shall take eastern Europe, then the masses of Asia. Then we shall take that last bastion of capitalism, the United States. We won’t have to attack. It will fall like an over-ripe fruit into our hands.” V. Lenin
“When we go to hang the last capitalists, they will compete to sell us the rope.”
V. Lenin

STARRING KARL MARX and BARACK OBAMA!
(Ohh, that was redundant!)
MIDDLE CLASS MUST NOT FAIL, PART 1
http://www.youtube.com/watch?v=nmgwCmBmyKU

MIDDLE CLASS MUST NOT FAIL, PART 2
http://www.youtube.com/watch?v=n0JLFHQiMs4


26 posted on 11/12/2009 11:51:02 AM PST by Dick Bachert ('08 WASN'T AN ELECTION. IT WAS AN INFESTATION. FUMIGATION HAS ALREADY BEGUN!)
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To: ctdonath2

“When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” – P. J. O’Rourke”


27 posted on 11/12/2009 11:52:48 AM PST by Dick Bachert ('08 WASN'T AN ELECTION. IT WAS AN INFESTATION. FUMIGATION HAS ALREADY BEGUN!)
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To: DoughtyOne

“When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” – P. J. O’Rourke”


28 posted on 11/12/2009 11:53:14 AM PST by Dick Bachert ('08 WASN'T AN ELECTION. IT WAS AN INFESTATION. FUMIGATION HAS ALREADY BEGUN!)
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To: ctdonath2

Both public (not government) sector firms and private investors will make money in the upcoming years. I am not convinced that Goldman-Sachs is getting some sort of great deal that the private sector can’t tap into. If nothing else, people can buy stock that will grow in value.

Yes Goldman-Sachs was bailed out. A lot of private sector folks have had their mortgages bailed out too.

Look, this sucks to you and I. We agree on a lot here.


29 posted on 11/12/2009 11:57:34 AM PST by DoughtyOne (Unseal the lock box containing every document pertaining to Obama's life, TODAY!)
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To: All
How Goldman secretly bet on the U.S. housing crash
McClatchy Newspapers | November 1, 2009 | Greg Gordon
Posted Sunday, November 01, 2009 by crosstimbers

WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies. Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk. Now, pension funds, insurance companies, labor unions and foreign financial institutions that bought those dicey mortgage securities are facing large losses, and a five-month McClatchy investigation has found that Goldman's failure to disclose that it made secret, exotic bets on an imminent housing crash may have violated securities laws. (Excerpt) Read more at mcclatchydc.com ...

============================================

Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
By Timothy P. Carney, Examiner Columnist, Nov 21, 2008

EXCERPT Today, in these tumultuous times of bailouts and meltdowns when the investment banking leviathan needs Washington more than ever before, Goldman Sachs can leverage its most valuable asset yet White House chief of staff Rahm Emanuel.

Traditionally a Democratic booster, and one of Barack Obama’s top sources of funds in this past election, Goldman has always had particularly strong allies in government.

Rahm Emanuel is one such ally. An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clinton’s 1992 campaign for the White House. Clinton hired Emanuel as his chief fundraiser.At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to “introduce us to people,” in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but it’s one that has almost entirely escaped scrutiny. (snip)

In his four terms in Congress, Emanuel raised $74,750 from Goldman, making the firm his number four source of funds. Goldman has helped Emanuel. How has Emanuel helped Goldman? The most obvious answer, as mentioned in this column two weeks ago, is in Emanuel’s lead role in shepherding the “$700 billion” bailout—first proposed by former a Goldman CEO, Bush Treasury Secretary Henry Paulson—through the skeptical House.

Of course, back in the Clinton days, Goldman benefited from NAFTA and the bailout of the Mexican currency, with Emanuel pushing NAFTA through Congress, and Rubin hammering out the peso bailout.

Did Goldman improperly funnel money to the Clinton campaign by subsidizing Emanuel’s salary in 1992? Did Goldman’s help to Clinton spur the Democratic president to push NAFTA and the Mexican bailout?

The answers to these questions are opaque, and with Emanuel burrowed deep within the Obama White House, the continued relationship between Goldman Sachs and Obama’s right hand man won’t be easy to follow.

Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes.

SOURCE http://www.washingtonexaminer.com/opinion/columns/TimothyCarney/ Goldman_Sach_Will_Be_Sitting_Pretty_With_Emanuel_in_the_Obama_White_House_112108.html

THINGS WE DO NOT KNOW ABOUT RAHM EMANUEL Did Rahm reveal all of his ties to financial institutions involved in Obama's trillion dollar federal bailout of financials?

30 posted on 11/12/2009 12:04:34 PM PST by Liz (Obama's the best thing that happened to the Republican Party in a long time.)
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To: All

These financial “geniuses” (like Rahm) are “licensed.” Financial licenses can be lifted for any number of reasons. For instance:

If licensees fail to disclose ownership in investment vehicles.

If licensees fail to file proper documentation with govt agencies.

If licensees fail to file reports with The Treasury.

If licensees fail to file state and federal tax returns (stolen money is taxable).

If licensees fail to pay state and federal taxes on hidden profits.

If licensees fail to account for investment proceeds.

HERE’S HOW JUDGES PREDICATE SENTENCING GUIDELINES:
Amount licensee lost to the the Treasury, the taxpayers and others. What role a licensee had in conspiracy schemes to defraud. Whether a licensee obstructed justice in the course of investigations or, later, during trial.

AND LOOK FOR THIS Orchestrating votes for funding schemes——while holding idden equity positions in companies doing business with the govt.

Audits might uncover questionable banking activities, and fraudulent accounting practices. An audit might show two sets of books-—with off-the-books bank accounts accessed solely by govt looters. Illegal schemes might involve:

(1) money laundering,
(2) tax evasion (stolen money is taxable),
(3) violations of US banking and currency laws,
(4) conspiracy to commit wire fraud,
(5) commercial bribery in real estate schemes,
(6) establishing secret offshore bank accounts outside the purview of the IRS,
(7) fraudulent and casual accounting practices,
(8) non-existent financial oversight,
(9) computer trespass, computer tampering,
(10) grand larceny.

ACTION

(1) EMAIL enforcement@SEC.gov

(2) IRS toll free 1-800-829-0433 You may stay anonymous.
(Stolen money is taxable)

(3) Govt officials mishandling tax-exempt revenue are subject to fiduciary negligence laws. EMAILaskDOJ@USDOJ.gov.

(4) Banks holding govt monies should be audited (or be subject to federal regulators).


31 posted on 11/12/2009 12:11:21 PM PST by Liz (Obama's the best thing that happened to the Republican Party in a long time.)
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To: Dick Bachert

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

They blame Goldman Sachs


32 posted on 11/12/2009 12:26:28 PM PST by winodog (Dont be mad at boomers for inventing the WWW and stealing your real life from you.)
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To: Dick Bachert
It is incumbent upon the honorable craftsman
to be aware of whether or not his services are being used
as a means to accomplish evil ends -
and to act accordingly.

33 posted on 11/12/2009 10:09:09 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: Dick Bachert

bump


34 posted on 11/13/2009 12:06:59 AM PST by moehoward
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