Obama Letter Could Sell For $10,000 At Auction

A couple years ago, "Tim" heard about the bonuses AIG executives received after being bailed out with government money. In a fit of anger, he faxed a note to the White House titled "To anyone with common sense." To his surprise, he received a handwritten letter from the president. That letter is up for auction in Miami.

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STEVE INSKEEP, Host:

And today's last word in business comes from a man we know only as Tim.

AIG: to anyone with common sense. To his surprise, he received a letter handwritten from the president of the United States. It said: I share your sentiments and we are moving as quickly as we can to restore some common sense to the financial system.

It's unclear whether common sense has been restored, but Tim thinks it makes common sense to sell the note, which is now on the block at an auction house in Miami.

According to a press release, it is hoped that Mr. Obama's signature will sell for about $10,000.

That's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.

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