Monopolies Means Transfer From Many To Few-By Harsha Sankar

Dear Citizen, October 2011


The uproar symbolized by the Wall Street protests is legitimate.The following proves as such.

1. Wall Street banks and hedge funds created the enormous demand for high-risk mortgages to turn into Ponzi-like gambling structures.
2. Manipulated rating agencies gave AAA ratings to fraudulent instruments. When insolvency took place, 8 million working people lost their jobs.
3. Taxpayers provided trillions of dollars in cash and asset guarantees to the wealthiest bankers and hedge fund managers in the world.
4. In 2008's crash, high frequency traders made upwards of $20 billion from the turmoil. In 2010 the top hedge fund managers “earned” over $2 million an hour! The top 25 hedge fund managers took in as much as 650,000 teachers.

Wall Street now epitomizes the transfer of funds from the many to the few. It no longer empowers the average American to acquire a stake in economic activity.Due to soaring healthcare costs,people are forced to fund Wall Street investments through the purchase of insurance policies.Due to costly litigation,regulations,and taxation, a medical monopoly has been created to help hold Americans hostage.

These protests unfortunately may have Marxist/socialist overtones.To most effectively end monopolies throughout the board, protestors must emphasize the end of BAR monopoly of governance through proxy.

Very Truly Yours,
Harsha Sankar
908 Valley Ridge Road
Covington,Virginia 24426