Posts Tagged ‘ bank bailouts ’

More Bank Bailouts In Our Future?

It’s being reported by infowars.com that there may be a new round of bank bail out’s in the works under the guise of QE3.

While Ben Bernanke’s announcement that the Federal Reserve will embark on an open ended scheme to purchase $40 billion in mortgage-backed securities each month has been touted by the establishment media as the beginning of “QE3″ it is in fact nothing less than another banker bailout in disguise.

While many have rightly attacked the Fed’s policy of printing money as a band aid that does little to solve the economy in the long term, this new move isn’t even about that. The policy announced yesterday will merely see the Fed use taxpayer money to purchase more bad debt in the form of junk mortgage-backed derivative based securities that have been sold over and over again.

This has nothing to do with getting the economy going again and will only serve as yet another huge wealth transfer from the middle class to the elite.

Read full article

In light of this information I decided to go see which banks that previously received a bailout have actually paid back what they received. You can view a full list HERE but we’ll cover some of the banks here as well. This is just a small portion of the banks that are in default right now….

Fannie Mae still owes $90,617,000,000
Freedie Mac still owes $51,199,000,000
AIG still owes $2,609,686,768
General Motors still owes $27,197,156,843
GMAC (now Ally Financial) still owes $10,752,090,618
Chrysler still owes $1,315,061,737
CIT Group still owes $2,286,312,500

If an American owes back taxes you better bet the IRS will be seizing anything and everything they own in order to recoup that money but what’s been the penalty for these banks? Our incredibly thoughtful government never bothered to stipulate ANY penalties therefore there are NONE! They can just keep right on doing business, paying their CEO’s billions in bonuses and thumb the American public that had their money stolen in order to ensure the rich would continue their wild spending. Absolutely disgusting!

National Movement Launched To Impeach Obama

Well it’s about time! The man can’t produce any real documents to even show he exists, let alone should be president!

The five core reasons why Obama should be impeached

Paul Joseph Watson
Infowars.com
Thursday, April 12, 2012

A new national movement has been launched to impeach President Obama based around five core issues which clearly demonstrate how Obama has flagrantly violated the Constitution.

The campaign, backed by director, producer, actor and writer Sean Stone, is a follow-up to North Carolina Republican Walter Jones’ efforts to bring the administration to account for launching unconstitutional wars without the authorization of Congress. Jones’ recently introduced resolution states that such actions represent “an impeachable high crime and misdemeanor.”

The five core reasons for impeachment proceedings to be launched can be summarized as follows;

1) Despite promising otherwise, Barack Obama committed U.S. military resources to overthrow Libyan leader Colonel Gaddafi without any kind of congressional authorization whatsoever and without citing any evidence that Libya under Gaddafi was a threat to the security of the United States. Furthermore, Obama brazenly undermined the power of Congress by insisting his authority came from the United Nations Security Council and that Congressional approval was not necessary. “I don’t even have to get to the Constitutional question,” Obama churlishly remarked.

2) On New Years Eve 2011, Obama signed into law the National Defense Authorization Act which includes provisions that permit the abduction and military detention without trial of U.S. citizens. Despite Obama claiming he would not use the provisions to incarcerate U.S. citizens, it was his administration that specifically demanded these powers be included in the final NDAA bill.

3) The passage of the Obamacare bill, under which Americans will be forced to buy health insurance, is clearly anathema to the Constitution. “The individual mandate is unprecedented and exceeds Congress’s power to regulate interstate commerce. If it is allowed to stand, Congress will be able to impose any kind of economic mandate as part of any kind of national regulatory scheme,” writes Ilya Shapiro, a Senior Fellow in Constitutional Studies, Cato Institute.

4) Obama’s role in the economic looting of America since he took office is unprecedented. Specifically, Obama violated the Constitution’s Takings and Due Process Clauses when he bullied the secured creditors of automaker Chrysler into accepting 30 cents on the dollar while politically connected labor unions and preferential others received better deals.

5) Finally, Obama’s use of signing statements shows his desire to continue in the vein of George W. Bush and rule by executive fiat. This is a direct violation of Article II of the Constitution.

You can support this effort to get political momentum behind starting the impeachment process against Obama by forwarding this article and video to your network on Facebook, Twitter, You Tube and every other platform of communication.

If the makers of Kony 2012 can receive international viral coverage for putting out a film that was little more than a veiled call for another unconstitutional invasion, this call to impeach Obama deserves equal attention.

Read further information about the reasons why Obama should be impeached here.

SOURCE

Mitt Romney Confronted On NDAA; Secret Service Tells Reporter ‘Out Now’

I suppose THIS is why Mitt Romney needed to be granted Secret Service protection, right? I’d love to know why our tax dollars are being used to protect this moron…. He should be paying for his own damn security. Oh and his answer is great, we need the NDAA to maintain military superiority; really? What in God’s name is he talking about?? Sounds to me like he doesn’t even know what the NDAA is!

Robert Wanek
RobertWanekReports.com
March 3, 2012

The fact Mitt couldn’t address a short question about the NDAA and the Patriot Act is telling enough. I certainly don’t want a president whose Secret Service detail removes voters who voice their opinions, this is still America and dissent should be considered patriotism.

Mitt Romney clearly aims to aid the bankers looting of the taxpayer. He favors central banking over free markets, and meddles in the economy by supporting bailouts over bankruptcy. This man may seem well rounded in the economic department but he works for Wall Street and receives the same support as Mr. Obama from the same banks. A vote for Romney in 2012 is a vote for the status quo, the big banks, and likely higher taxes as well.

Speaker of the House John Boehner Criticizes Obama’s Policies

With President Obama’s State of The Union address coming up tomorrow,Speaker of the House John Boehner has come out saying the Presidents policies are “pathetic” and that he need to “go in a new direction”.

In an interview with Fox News Sunday morning Boehner stated “It sounds to me like the same old policies,” and “More spending and higher taxes and more regulations—the same policies that haven’t helped our economy, they’ve made it worse. And if that’s what the president’s going to talk about Tuesday night, I think it’s pathetic.”

The president blames Congress and Congress blames the President. It sounds like a whole lot of finger pointing and no one is willing to step up to the plate and take charge. 2011 was a year of nothing but failure for the “leadership” in this country. It’s high time the people take back the power and start making decisions which make SENSE. Giving big banks money makes no sense! Let them fall on their asses and close like any other business.

Maybe instead of increasing taxes (as well as spending) and putting the burden of this mess on the backs of hard working Americans, the Senate and the House should take some pay cuts. Maybe it’s time they started paying for their own health insurance, hell…. Maybe they shouldn’t be getting paid at ALL to serve in public office. I believe that serving your community should be a volunteer position, not a paid one. Get rid of their salaries, their limo’s and private jets, get rid of their health care packages and lets see where we get with a balanced budget!

Congress and their money