LOSS OF ASSETS
Victim of WaMu seizure wonders about Petters
It's nice to see the federal government acting so zealously to bring Tom Petters and his accomplices to justice for defrauding investors of $3 billion.
I only wish that same federal government would be equally as persistent in holding its own FDIC accountable for costing investors billions of dollars by suddenly and unnecessarily seizing Washington Mutual on Sept. 25 and selling its assets to J.P. Morgan Chase for pennies on the dollar. That opinion comes courtesy of a hardworking, responsible citizen who went to bed with $38,578 in his brokerage account and woke up with $3,623 remaining.
Perhaps the federal government can remember me when it comes time to disburse the funds taken from Petters' bank accounts.
KARL KLASSNER, LAKEVILLE
DRILL, AMERICA, DRILL
Obama is misinformed about wealth on our soil
Don't expect economic recovery if our leaders continue to ban drilling and exploration for oil and natural gas. Stoking the drilling ban is Barack Obama, who claims that "we have 3 percent of the world's oil reserves." His numbers are totally obsolete.
He doesn't take into account the estimated 200 billion barrels of oil in the Bakken Formation in Montana and North Dakota -- or the 1.2 trillion barrels of shale oil in Colorado, Utah and Wyoming, or the 130 billion barrels in offshore oil reserves.
Canada is now ranked second in the world oil reserves behind Saudi Arabia. So why is Obama denying our children the good jobs, strong economy and wealth creation available to children to our north? We must unleash the natural resources here on American soil. Now, let's get drilling!
LINDA RUNBECK, CIRCLE PINES