I received this e-mail from my pals at 
Ing Direct at about the same time that 
Lehman Brothers were preparing to file for bankruptcy. If you missed it, Lehman's failure will be the biggest bank failure in US history and marks yet another lurch toward the abyss. This is bad and not to incite a bigger financial panic than the one that will greet the morning, but if you're smart you'll get your money out of Washington Mutual while you can...
Why is the financial sector meltdown not an issue in this presidential campaign? The roll back regulation crowd and market fetishists are awfully quiet and seem to be counting on the usual smokescreens and tabloid-derived wedge issues to make this go away. "He called her a pig!" "She's a hockey mom gals can relate to!" "She's qualified! She can field dress a moose!" "He wants to teach sex ed to kindygartners!" "She's a reformer!" Well, let see her, or anybody for that matter, reform this mess. That is, if it doesn't destroy the world economy first.
Anyhow, thank you Ing. Leave it up to a non-US-owned bank to run a bank properly. Read this man's surprisingly candid advice and believe like I do.

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  |  |    |  |     |    | Dear Paul,Customer Number: XXXXXXX178
  
 As we enter the final few months of 2008, I want to thank you for your  continued confidence in ING DIRECT. Over 700,000 new Savers have joined us so  far this year strengthening the bank and their own financial footing through our  savings, home mortgage and ShareBuilder investment accounts. Despite a  challenging economic climate, our Customer base is 7 million strong and growing.   The consequences of the mortgage meltdown on financial institutions and  individuals continue to erode many Americans' dreams. We will continue to stress  the right way to achieve home ownership – buying only as much house as you can  afford and paying off your mortgage as fast as possible. In return for good  credit and prioritizing home investment, ING DIRECT mortgage Customers are  rewarded with exceptional rates and a transparent, direct administration  process. Rather than selling your mortgage to another bank or investor the  minute you get it, we keep your mortgage and service it here. Doing so gives us  flexibility to find innovative solutions to help Customers keep their homes  during unexpected financial downturns. While we don’t have an Orange crystal ball, we do expect the economy to  remain fragile through 2009. The best course of action for our Customers is to  be disciplined: avoid splurging; identify and cut out unnecessary expenses and  save for what's essential; and hedge against those tough times. We can all  benefit by developing good spending habits: confront - and cut up - credit  cards; use your home as a savings vehicle - not as an ATM; and establish and  contribute regularly to an IRA or 401(k). In this difficult financial environment, we work tirelessly to safeguard your  deposits, mortgages and investments. Importantly, your deposits are FDIC-insured  according to its limits and your investments are SIPC-protected. Our security  processes are the best in the business and are in place to protect your savings  from those with bad intentions. While we are constantly vigilant, we need your  help. Keep passwords to yourself. Never give personal information through an  email. And always install both the latest antivirus and anti-malware software on  your home computer. Thank you for your continued trust inING DIRECT. We will not waver in  our promise to provide you with great value, service, security and  convenience.
 
 Arkadi Kuhlmann
 CEO of Savings
 
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 ING DIRECT
 1 South Orange Street
 Wilmington,  DE 19801
 
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