<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><a href="http://www.sacbee.com/2012/01/13/4184247/letters-to-the-editor.html">http://www.sacbee.com/2012/01/13/4184247/letters-to-the-editor.html</a><div><br class="webkit-block-placeholder"></div><div><p style="margin: 0.0px 0.0px 5.0px 0.0px; line-height: 14.0px"><font face="Lucida Grande" style="font: 11.0px Lucida Grande"><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px;">Beware of privatized water<br><br> Re "Water barons will corner market in new 'Chinatown'" (Viewpoints, Jan. 8): Patricia Schifferle's article exposes the disgusting corruption and "pay to play" policies that infest California water politics.<br><br> Sen. Dianne Feinstein's provision in the 2012 budget bill allows a handful of agribusiness interests to sell subsidized federal water in a private water market for up to 150 times what they pay for it.<br><br> Schifferle makes a superb comparison of the privatization of federal water rights to the derivatives, subprime mortgages and deregulated electricity that led to the economic collapse and Wall Street bailouts. Feinstein is promoting privatization that will benefit only the 1 percent at the expense of the 99 percent.<br><br> – Dan Bacher, Sacramento</span></font> </font></p></div></body></html>