Sunday, June 20, 2010

Another Ponzi Plume Discovered in Minnesota? - When Will Bachmann Do Something About It?

The Strib reports on ANOTHER alleged Ponzi scheme surfacing in Minnesota. This one seems to have drifted into Minnesota from Colorado, adding to the existing plumes of toxic, financial fraud such as the Petters Ponzi Plume that threaten the business environment here in Minnesota.

Bachmann serves on the House Financial Services committee... why isn't she doing something to plug the hole that's spewing these toxic plumes of Ponzi?

Instead, Bachmann is making a fool out of herself about something that's happening in other states:

A full two months after the BP oil spill in the Gulf of Mexico, the still unplugged gusher continues to poison the environment and the economy. But the politics of the ongoing disaster may have shifted some this week after the White House inked a deal with BP that will create an escrow fund of $20 billion to cover claims arising from the oil catastrophe.

Conservatives immediately pounced: Apparently, in trying to hold BP accountable, that socialist Barack Obama was overreaching yet again. Michele Bachmann called the fund "a redistribution of wealth," while Rush Limbaugh attacked the agreement as "extortion."


Well Congresswoman, right here in Minnesota and elsewhere there is a massive "redistribution of wealth" funneling money from investors to financial fraudsters. There are real victims of these financial frauds.

Bachmann needs to do something about these gushing plumes of Ponzi schemes washing up on the shores of Lake Wobegon... what's stopping her?

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