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I sent this letter to Congressman Pete Sessions today.

December 1, 2005

Congressman Pete Sessions
Park Central VII
12750 Merit Drive, Suite 1434
Dallas, Texas 75251

Congressman Sessions,

As one of your constituents, I am writing you to express my deep concern for the corruption, dishonesty, and questionable dealings that appear to be going on in our government. I do not take comfort in having to pick up the newspaper, only to see yet another article about another politician or lobbyist or other government worker doing something that is unethical and dishonest.

I am equally frustrated with, what seems to be a growing trend, efforts to undermine or circumvent checks and balances as well as processes set up to maximize transparency in our government. Instead of placing a proposal or project out onto the table for debate, politicians are getting creative with ‘earmarks’ and such to pass items that are more than likely representing narrow interests.

That said, I am asking you follow on the initiative some politicians have taken, like that of Senators McCain and Coburn, to stop this rampant abuse of public trust and begin representing the true interest of Americans. I am tired of hearing ‘sound bites’ and insincere public statements. I want to see politicians, regardless of political affiliation, who stand for integrity.

I sincerely thank you for taking the time to read my letter.

Respectfully,

Jose Lionel Velez

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I am a dividend yield lover. When I saw GM’s 10% yield earlier this month I was foaming at the mouth. BUT, when I did the math (hmm, $19 stock paying $2 a year in dividends) and considered the fact that this company is in dire straights, I realized that this was a stock to watch, not buy.

I knew that the dividend payout was not sustainable and in fact, any serious investor would agree that to turn this ailing behemoth around, it would need to cut that dividend payout. Yes, saving up to $1 billion a year in dividend payouts would be a start to a more competitive and profitable road for GM.

I only wonder why someone like Krikorian, who is probably GM’s largest shareholder, took so long to ask for this.

Here is the related article.

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