Venture capitalist Bill Perkins put a full-page ad in The New York Times on September 23, 2008, objecting to the government's mortgage bailout plan and calling its creators 'new communists'.
The ad is a political cartoon, showing President George W. Bush, Treasury Secretary Henry Paulson, and Federal Research Chairman Ben Bernanke planting a flag ala the Iwo Jima Memorial, marked instead "big insurance," "Detroit auto" and "Wall St. banks".*Reuters: U.S. bailout critic ... (September 23, 2008)
Quote
"We've become a socialist-communist country in the form of trickle-down communism."--Bill Perkins*Reuters: U.S. bailout critic ... (September 23, 2008)
References
Fast Facts
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Fact:
Bill Perkins (William O. Perkins III) is the president of Crystal Energy LLC, a venture firm in Houston, Texas, associated with the oil and gas industry*Gawker: The Panic of 'O8 (September 23, 2008)
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Fact:
Crystal Energy has spent $249,000 on campaign contributions and $100,000 on lobbying efforts since 2001 for proposed Liquefied Natural Gas projectsPublic Citizen: Campaign Contributions ... Developers of Proposed LNG Projects
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Fact:
In 2004, Crystal Energy LLC signed a letter of intent to supply domestic liquified natural gas for a pipeline between Alaska and CaliforniaAll Business: Crystal Energy Secures Agreement for ... (January 28, 2004)
