Heirs of Liberty Press

Urgent Call to Action

Suzan Tisdale, Columnist

Hello fellow right wing extremists and Patriots!

I am asking that each of you call and/or email the White House TODAY and EVERYDAY voicing our sincerest disgust with the fact that they want to convert the preferred stock now owned in the bailed out banks to common stock. This is vitally important because of the following:

1. With preferred stock the banks would pay us (I'll believe it when I see it though) dividends. I doubt we'd make a profit or that we would actually see a return of our investment as the government will most likely just take the money and use it...however, the potential is there.

2. With common stock there are no dividends. HOWEVER, with common stock comes VOTING POWER. That means the federal government would have voting power within that bank. They'd be able to say "Nope. You can't do that." or "This is what WE want you to do" or what have you. They'd essentially have even more power over the banks than they already do. This goes against the constitution and any form of common sense anyone could have.

So please, call the White House, call the Treasury, call your local/state reps and let them know 'DO NOT CONVERT THE PREFERRED STOCK TO COMMON STOCK!" If you can't call then email them! Or do both!

Download copies of the letters that I sent to congress and to the president: Climate Bill and Preferred Stock.