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October 1, 2008 at 22:48:10
Senate Bailout a.k.a. Bank Robbery Bill with Links by Mark Adams Page 1 of 1 page(s) |
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Here's a link to the bill which was passed 74 to 25 by the Senate last night. Pages 25 to 30 concern relief for home owners and rental property owners, but the key words are shall implement a plan. The Secretary shall implement a plan that seeks to do this, that, and the other thing, or may just send all of the money to his buddies on Wall Street or at the Fed according to the original plan. I can see it now. The Secretary says we have this plan to help the homeowners, but we already sent the money to the bankers. We need more bailout funds to help the homeowners, but of course, it needs to be sent to the banks to manage it. As I wrote in Wondering Why We Are Bailing Out Those Banks? Could it be FRAUD!?!?! "why we are bailing out banks and doing little to nothing for families facing the loss of their homes when we could concentrate on bailing out the families facing foreclosure. This plan would save the loans, and therefore, bail out the banks." This article contains links to the Miami Herald articles showing that (surprise, surprise) the Republicons and their Democrook enablers looked the other way while widespread mortgage fraud went unchecked. Yes, the Bush administrations in DC and Florida looked the other way while hundreds of thousands of American families lost their homes and their life savings, but do you think that none of these people contacted their Democratic representatives in Congress or the state legislatures? Of course, they did! So, what did the Democrats do to stop widespread fraud from being perpetrated by some unscrupulous bankers, fraud which was obviously being allowed by the regulators and law enforcement officers controlled by the Bushes? Well, on Monday in the debate on the bank bailout bill, Barney Frank proudly proclaimed that once the Democrats took Congress back, they passed legislation reining in sub-prime loans. That sounds good, right? But what is a sub-prime loan? It’s a loan to someone with other than perfect credit, like most low and middle income workers. 
Of course, Bush signed this piece of legislation, and this moronic move made it much more difficult to finance new home purchases and to refinance loans with rates which were increasing. It resulted in a dramatic decrease in demand for homes as afterwards only those with perfect credit had a chance to buy. This immediately devalued real estate, wiped out trillions in middle class equity, and kept people from even being able to sell homes to downsize. So, once again both the Republicons and their Democrat enablers screwed everything up, and it appears to have been done on purpose as Bill Clinton said at the Obama rally in Orlando on Oct. 1.
Unfortunately, it seems that some of our leaders are more interested in just saving the banks while millions of American families are thrown out in the street. By the way, does that strategy actually avoid an economic crisis or does it cause one which is even worse?
Let’s think about that: millions in the streets unable to provide shelter for their families or millions in their homes with some relief from the outrageous rates that they were stuck with after being falsely promised by the unethical bankers that they would be able to refinance before they had to pay those high rates. Which scenario would work out better? Which one wipes out the middle class and consolidates power for the ruling elite?
Well, our Senators have spoken, at least 74 of them who apparently feel like they are free to ignore the wrath of the voters, and they have said, "Let the people eat cake!!!" Of course, to add insult to injury, they added to the quote which sparked the bloody French Revolution (the one which resulted in almost all of the ruling elite being killed!;), "Let them eat cake after they are thrown out in the streets! Have a Happy Thanksgiving, a Merry Christmas, and a Happy New Year! The bank robbers, their other enablers, and I sure will! My campaign war chest is full and I have bodyguards, too!"
Now it is up to the members of the House who stood against the bank robbery bill on Monday to protect us from a bailout bill which is opposed by hundreds of leading economists, not that it takes an economics degree to understand that throwing hundreds of thousands or millions out in the streets is going to be very bad for the economy. Can you say crash? You know that crash that the Bushies say we need to bail out the bankers to avoid. Has anyone not caught on to the Bush BS yet? Let's see…. Bush I is ruling during the Savings and Loan bail out, and Bush II is ruling when the banks need to be bailed out. Does anyone see a pattern here?
Unfortunately, over 200 members of the House voted in favor of the Bush bank robbery and economic collapse bill on Monday, so it will likely pass tomorrow unless the people who see through this blatant attempt to wipe out the American middle class get off of their asses and raise holy hell. You can find out more and take action by going to www.VoteNoBailout.org There may be other organizations trying to fight against this bank robbery and economic collapse bill, and if so, I urge you to post links to them in the comments and support their efforts, too. This is the last chance for the middle class in America, and the last chance to avoid a real economic collapse which seems to have been carefully planned by those in power, the Money Party.
If you’re wondering why so many members of the Senate, the House, and even the Republicon and Democrook Presidential candidates risked the wrath of the voters to support this bill, could it be because our votes are "counted" in secret now? Oh yeah, that is not only inherently dangerous, it’s unconstitutional, too! For more info, see Project Vote Count’s Election News and Project Vote Count’s FAQ Yes, Virginia, secret vote counting is unconstitutional, but no one in power gives a damn! They just want to stay in power by whatever means.
Here's a link showing how the Senators voted and some links to a couple of short videos about this crisis:
U.S. Rep. Marcy Kaptur of Ohio – Rules for Taking Advantage of America
U.S. Rep. Dennis Kucinich of Ohio – Why are we bailing out the banks?
U.S. Rep. Ron Paul of Texas – On the Bailout and Cronyism
Chuck Norris’ One Wish I have to agree, and unfortunately for us all, it may end up that way. Recall the French Revolution and that history repeating itself thing.
www.ProjectVoteCount.com
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How did our government ignore thousands of complaints
about fraud? Well, government does not investigate government very often or very well. That is the only explanation of why the regulators and law enforcement officers ignored the tens of thousands of complaints about widespread mortgage fraud. By the way, ignoring a report of a crime is a crime, too! See, 18 USC § 4. How did they think that they could get away with this outrageous criminal behavior that cost hundreds of thousands of American families to lose their homes? Could it be because they knew that they had the power to treat the victims of crime as second class citizens a.k.a. peons or surfs? Did our Founders foolishly leave us with no power to control our government other than through elections? If you want to find out about the other check on government abuse of power that our Founders provided for us, then read What Happens When the People Lose the Power to Control Government and What You Can Do to Take the Power Back? Here are a couple of passages from that article which point out the importance of the right to present evidence of criminal conduct to a grand jury. Justice Bradley also pointed out that if a person was deprived of the right to bring a criminal complaint to a grand jury that person was reduced from the status of a free citizen to no more than a slave. He stated, "To deprive a whole class of the community of this right, to refuse their evidence and their sworn complaints, is to brand them with a badge of slavery; is to expose them to wanton insults and fiendish assaults; is to leave their lives, their families, and their property unprotected by law. It gives unrestricted license and impunity to vindictive outlaws and felons to rush upon these helpless people and kill and slay them at will, as was done in this case." Id at 599. Imagine if a citizen presented evidence to a grand jury showing that a banker misrepresented the payments that would be due on a home loan. Do you think that the citizens on the grand jury would indict the banker who lied to dupe the citizen into a loan that the banker knew would result in payments much more than he claimed? I do, and I think that the loss of this inestimable right is why our government has become so corrupt and abusive. I think that a lot of the fraud and abuse would not have occurred because the bankers would not want to get indicted, but they currently feel like they are above the law and can get away with stealing our life savings, throwing families out in the streets, and having us bail out the banks. If you want to know more about this, check out the Rule of Law radio show with Randy Kelton and Deborah Stevens on Monday and Thursday nights from 9 to 11 Eastern and on Friday nights from 9 to 1 AM Eastern. Listen live at http://www.wtprn.com/listen.shtml or check out the archives at http://mp3.wtprn.com/Kelton08.html This show focuses on the right that each citizen has to present evidence of criminal conduct to grand juries, and I’m a regular guest on Thursdays. If you want to see what happened to the victim, Hope Steffey, whose treatment inspired me to write my article What Happens When the People Lose the Power to Control Government and What You Can Do to Take the Power Back? see the videos of the news coverage of police brutally strip searching a viction of a crime that You Tube has suppressed, and learn more about this at The Peoples Voice article The State Torture of Hope Steffey Unfortunately, Hope's abuse was not an isolated incident. Many more incidents of outrageous police brutality are documented and thousands more are undocumented as brutal degrading strip searches are conducted every day all across America, especially if you are a young woman. by Mark Adams (20 articles, 0 quicklinks, 0 diaries, 312 comments [39 recommended, 0 rejected]) on Thursday, Oct 2, 2008 at 10:45:17 AM  (1+)
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Your article...
...got my creative juices flowing. See, "Eating My Cake". I'm such a rebel, lol. by Ginger McClemons (17 articles, 1 quicklinks, 11 diaries, 101 comments [25 recommended, 0 rejected]) on Thursday, Oct 2, 2008 at 4:07:03 PM (0+)
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Reply: Thanks for this critical, detailed information, Mark.
We need more no-nonsense facts like these, from impartial economists and patriots. Also, we need to get our leaders to look at alternative, such as the Bottom-Up Bailout. by Dick Samson (1 articles, 0 quicklinks, 0 diaries, 3 comments) on Thursday, Oct 2, 2008 at 5:31:09 PM (0+)
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Reply: I like the Bottom Up Bailout Plan that Dick posted.
I think that most people would, and it is a much better plan than the one passed by 74 Senators with little deliberation. by Mark Adams (20 articles, 0 quicklinks, 0 diaries, 312 comments [39 recommended, 0 rejected]) on Thursday, Oct 2, 2008 at 5:43:20 PM (0+)
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a good life wasted by government ignorance and greed
Hello Comgressman, I wanted to write to you now because I will more than likely be dead very soon. You see my own government has been robbing me of my right to live for some time now. I am a healthy 47 year old single woman. I educated myself with a BA from USF but I cannot get a job because my government sent them all overseas. Sincerely, by kate (0 articles, 0 quicklinks, 0 diaries, 1 comments) on Friday, Oct 3, 2008 at 10:23:07 AM (0+)
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Reply: Kate, thank you for sharing your story and for trying to get
justice. If anyone skipped it, it is another example of those in government, who are supposed to protect us from criminals, actually helping the criminals and threatening the victims. As an attorney who is a leader in the judicial reform movement says, "There are those who believe in America's justice system, and those who have experience with it." Stay strong, Kate! There may still be hope for us. Millions of Americans are finally waking up and starting to take action to demand justice. by Mark Adams (20 articles, 0 quicklinks, 0 diaries, 312 comments [39 recommended, 0 rejected]) on Friday, Oct 3, 2008 at 5:01:12 PM (0+)
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Reply: Think, Kate....
The street criminals you fear are in great part just people who the system screwed over before it got around to screwing you. Yes there are rapists and predators among them, but no more than among the military and government. Now that you know that your trust in the system was misplaced, isn't it possible that your fear of ordinary people like yourself might be misplaced also? by Mark E. Smith (21 articles, 30 quicklinks, 100 diaries, 1325 comments) on Sunday, Oct 5, 2008 at 1:27:04 AM (0+)
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Reply: Mark, she doesn't fear the criminals. It's the members of
law enforcement who are supposed to help her that she fears, and her fear is based upon their threats to charge her, the victim, with a crime, the harm they have already caused her, and their complete failure to protect her rights in any way. by Mark Adams (20 articles, 0 quicklinks, 0 diaries, 312 comments [39 recommended, 0 rejected]) on Sunday, Oct 5, 2008 at 3:36:59 PM (0+)
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Check out a good concise explanation
of the beginnings of the plan to restore aristocratic rule in America. by Mark Adams (20 articles, 0 quicklinks, 0 diaries, 312 comments [39 recommended, 0 rejected]) on Saturday, Oct 4, 2008 at 4:08:00 PM (0+)
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Kate
We really do seem to have more than our fair share of totally-illegitimate, wrong-side-of-the-blanket, out-of-wedlock, don't-know-their-father, misbegotten, baseborn S.o.Bs here, don't we? But then, we are controlled by 'law', aren't we, and those of such names as theirs are not controlled by its especially designed loop-holes. Maybe we should take up arms against such a sea of troubles. Kate, is your 'house' insured? by Flak Stopper (2 articles, 0 quicklinks, 1 diaries, 55 comments [6 recommended, 0 rejected]) on Sunday, Oct 5, 2008 at 2:58:45 AM (0+)
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What can we do to throw the bums out?
If you get involved in a citizens' exit poll effort like the ones being conducted by ProjectVoteCount.com, VoteRescue.org, and ElectionDefenseAlliance.org, then you can deter widespread cheating, like the kind that they would need to chalk up a win for McSame, or catch them red-handed like we did in Florida in 2006 and 2008. by Mark Adams (20 articles, 0 quicklinks, 0 diaries, 312 comments [39 recommended, 0 rejected]) on Sunday, Oct 5, 2008 at 6:12:40 PM (1+)
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