Video: The Bailout Is NOT About American Banks or Assets
Wednesday, October 01 2008 @ 10:42 AM MDT
Contributed by: BMcDonald
Views: 1,271
YOU ARE NOT GOING TO BELIEVE IT. THIS BAILOUT BILL IS NOT ABOUT AMERICAN BANKS OR ASSETS.
The truth was outed on Kudlow's 9/30 show by Brad Sherman (D-CA). Watch the video, then RAISE HELL RIGHT NOW with your Congress Critters. THIS BILL MUST NOT PASS!!!
The Wall Street Bailout Has NOTHING To Do
With Main Street of Even American Assets
"Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen." - Brad Sherman , D-California.
The Bill says:
(9) TROUBLED ASSETS.—The term ‘‘troubled assets’’ means—
(A) residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes financial market stability;
and (B) any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress.
Note carefully - there is no "Made in the USA" requirement, and nothing prohibits a non-US institution from "selling" a security to a US bank, which then immediately resells it to the TARP. Nor is there any provision to prevent Secretary Paulson from defining any other financial asset as "promoting financial market stability", and while he must notify Congress, they cannot block his purchase.
CONTACT YOUR SENATORS, SENATOR SHELBY [(202) 224-5744] AND SENATOR BUNNING [(202) 224-4343] RIGHT NOW AND TELL THEM THEY MUST FILIBUSTER THIS BILL; THIS BILL WAS WRITTEN TO BAIL OUT THE G-DAMN CHINESE, NOT AMERICANS, AND WE WILL NOT ALLOW THIS!
Most people don't know the Federal Reserve is controlled by the largest private banks. They are using their control of the Fed to destroy the dollar, our economy and wipe out the middle class so they can replace it with a system and currency they have even MORE control of. If we don't shut down the bankers, the Federal Reserve, this nation is history! The Congress can REPEAL THE FEDERAL RESERVE ACT and return control over our currency to "We The People." We have to take back control of Congress and DEMAND THIS HAPPEN in the upcoming election!
Be a courageous
