Thank you Uncle Warren

Dear Uncle Warren,

Thank you for the thank you letter to Uncle Sam. Thank you for acknowledging generosity of Uncle Sam - unlike other financial firms who have stolen received billions.

Here are some suggestions/comments I have on the letter.

First you forgot to mention how much you and the banks have benefited from Uncle Sam's generosity. It would have been great if you mentioned the Goldman Sachs Options you got for doing nothing (or at least that's what we are lead to believe). It probably also helped you because you owned many of the Financial WMDs specifically the put Options you wrote.

You forgot to mention how bailing out AIG indirectly helped your call option gifts from Goldman Sachs. And the fact that Uncle Sam paid 100 cents on the dollar when Goldman had already agreed to receive 50 cents on the dollar.

How would it have affected \ holdings of Wells Fargo?

You forgot to mention how the bailout of the banks have continued since September 2008. Let's not forget that the QE along with the 0 interest rates by fed is directly to support the banks - and taking money away from elderly retired, savers, and tax payers.

You mentioned how 300 million Americans might have been affected, but forgot to mention how the crisis would have affected you - how much money would you have lost if the banks were allowed to fail? And how you benefited the most while many of the Americans are still looking for a Job. How the bailouts have allowed the banks to payout record bonuses.

You also did not mention the cost to tax payers and the future generations. And the fact that Uncle Sam has taken on the risk on behalf of you and the banks.

Btw congratulations on your medal of freedom. The timing could not have been any better.

Regards,

HD