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Yet another major bank collapse. First Republic Bank taken over by FDIC and sold to JPM. Largest bank collapse since 2008.
Biden Admin enacts subsidizing high risk mortgages at the expense of those with high credit scores.
Deserves an "Atta Boy". Never give up.
Nice work. This is critical to our cause.
Justice Breyer comments
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It appears JPS attorney's aren't interested in any legal actions that would result in commons benefiting on their behalf. Perhaps by direction of their clients. No? Certainly would explain all the JPS holders on this board bashing commons. Perhaps they're afraid of commons 'stealing' too much of their pie. Breyer, on the other hand, wants a resolution that would benefit all stakeholders, not just a certain class. Thoughts?
Agreed, Charter Act specifies for PURCHASES only, NOT for funding. Spot on Barron4664.
As it should be. If they weren't so reckless with their monetary policies, we wouldn't be in this position.
Risk.............Risk is our business.
Section 304, Charter Act:
Barron is correct. Treasury was never authorized to provide a $200 Billion debt obligation funded by taxpayers. Charter Act, section 304 is the governing statute in this matter. Charter Act goes out of its way to make very clear throughout section 304 that US does NOT fund debt obligations.
Entire banking system has effectively been nationalized for the purpose of ushering in CBDC and therefore dramatically improving tracking of currency. Every dime you spend will be tracked with consequences for wrong expenditures. F&F was only the beginning. Court system failed to stop it there.
There's a motive to their madness. All for the purpose of ushering in CBDC to replace old fiat system......and the ousting of Putin, whom they view as an obstacle in implementing their globalist system of government. That is where all this is headed, if we don't get nuked first.
Fannie and Freddie provide affordable housing over the long term, yet affordable housing is still a major problem in this country. The root cause of the affordable housing problem is hinted in the quote below from the article linked below. Politicians refuse to acknowledge it since they caused it. Their solution, low income housing and loan forgiveness. It is a problem of shortsightedness on their part.
From the article:
This letter reeks of more theft ahead. They want more funds to throw at 'affordable housing'. Same song & dance we've been hearing for the past decade by the same players. Waters, Schumer, Brown, Wyden, Warner, Crapo, Parrott, Zandi and the list goes on and on. Guess where the funding comes from? Fannie, Freddie and their investors. This is really getting old. Don't feed the rats and expect different results.
What timely payment of principal and interest? It's been 15 years and we're still waiting!
"Fannie Mae and Freddie Mac attract to the secondary mortgage market investors who might not otherwise invest in mortgages, thereby expanding the pool of funds available for housing" by permitting Treasury/FHFA to steal initial investment capital, principal and interest from these very same investors. "That makes the secondary mortgage market more liquid and helps lower the interest rates paid by homeowners and other mortgage borrowers." Robbing Peter to pay Paul. There, fixed it.
Agreed, Constitution is just a cover, a smoke screen. It no longer governs rule-of-law. Gorsuch has acknowledged and confirmed this in his writings.
Yes, 2008 Financial Crisis was by design and intentional to justify placing Fannie & Freddie in a fraudulent CONceivership. Rating Agencies Fitch, Standard & Poors, Moody's were all in on it and incentivised by TBTF banks to give fraudulent AAA ratings to junk securities which were later pushed on Fannie & Freddie. Later, in testimony before Congress, CEO's of these rating agencies stated their ratings were just their opinions and not to be used in financial decisions. WHAT??????? Keep burying those classified docs in your garage/FBI secret vaults!
Bank lobbyist Ken Bentsen jr and Senator Elizabeth Warren drafting financial bills (CONFLICT OF INTEREST!)
Gov colluding with big tech (CONFLICT OF INTEREST!)
Deep State infusion into Gov (CONFLICT OF INTEREST!)
The problem with that argument is The Constitution has been replaced by the illegal 4th branch Administrative Deep State which has been operating behind the scenes in secret since the Woodrow Wilson Administration and the courts have gone along with it. Constitution no longer has any relevance.
Robert, you contribute many good posts to this board. I respect your key insights into DC workings. I agree with most of what you have to say. Your DeMuth article post on Administrative State was a smash hit, spot on! That being said, you're being naive here. It's way worse than WS greed. Think power/control, it's quite sinister actually. It all fits with NWO Agenda. Think about it.
Actually there is a way to compel Gov to follow law. Eliminate/breakup the administrative (deep) state, that illegal 4th branch of Gov.
Fascinating read!
Administrative State created HERA.
It thereby follows that HERA is un-Constitutional. HERA IS NOT LAW. HERA IS NULL AND VOID! Another lawsuit is needed to challenge the Constitutionality of HERA on this basis.
Administrative State (Deep State) is an un-Constitutional 4th Branch of Gov working behind the scenes, created during Woodrow Wilson Admin, that has selectively usurped creating laws from The Congress which is solely Constitutionally relegated that responsibility. - Judge Andrew Napolitano
https://archive.nytimes.com/dealbook.nytimes.com/2013/05/23/banks-lobbyists-help-in-drafting-financial-bills/
Robert from Yahoo bd said:
Sent this letter to my congressman pretty much untouched. Got a reply back requesting a phonecon on my views of the GSE's. He really wants to know. Y'all pretty much know what I think about this fiasco and the silencing surrounding it. I'd appreciate additional input from this board to ensure I'm properly armed. Just 1 or 2 bullet points would be great. More would be fantastic.
Many thanks to Robert from Yahoo Board for your solid inputs and Vancmike for constructing this 'get-in-your-face' letter (it got noticed!).
The following is new proposed legislation just released. It's encouraging:
Executive Privilege docs regarding GSE's?
Correct, they will just steal it from retirement accounts, aka, taxpayers, like they did yesterday
Done.
I wouldn't have called it a "loan" (it was FORCED on them) or a "conservatorship" (there has been nothing conserving about this).
Neither specifically. New Speaker, McCarthy brought up there will be investigations in a recent speech before a rounding applause of REPS in the House. Talk is a first step, but we need action. Just the fact it was brought up is perhaps encouraging. Time will tell.
What's needed is access to the sealed docs. Look no further than the recently released JFK files to get a glimpse of how that case has begun to awaken from a coma. Gov should not be allowed to keep critical docs sealed when a crime has been committed. Not filing criminal charges at the outset was our biggest mistake. Our attorney's messed up big time or quite likely they were bought off.
It appears that things are beginning to turn around. Hearing rumblings about investigations. FTX may have been the last straw. I can wait.
Welcome to Venezuela. Maybe a new Speaker can get us back on track, an anti-Pelosi type.
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Agreed. We are no longer a Constitutional Republic. That went out the window decades ago. We've been hijacked. We are now a corporate fascist dictatorship that promotes murder, perversion, censorship, theft, climate change farce, lying, election fraud, bioweapons, wars, etc., etc. Both sides of the aisle are in on it.
HERA is NOT lawful legislation. They can spin it anyway they want. It was crafted by banksters who know nothing about Constitutional rights. It is un-Constitutional. Judges know it and Congress knows it. Who are you trying to kid?
In Reply to this message by kthomp19
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Yet another unelected mafia bankster bureaucrat assuming an elite role in housing finance. Add her name to the ever growing list. Treasury now a for profit agency. Gary Gensler now Director of SEC. Note his name at the bottom of the venn diagram below. We've come full circle. Investing has turned into a vehicle for transfer of wealth to the banks. But that's OK, all in the name of Affordable Housing they say! Revolving door spinning faster than ever. Will we ever learn?
More theft of F&F gains brought to you by the thugs at the FED that ought to be going to shareholders. Robbing Peter to pay Paul. Hmmmm, identifying characteristic of what admin? Blackrock, Vanguard ETF's...
Lot of untruths in that article. Words very carefully chosen. Reviewed by forked-tongue Gov officials before release. Refuse to be manipulated by these traitors.
That wouldn't surprise me. The $32T came from the US Debt Clock. Gov centralized crypto is their ultimate goal as it dramatically simplifies manipulation and tracking. Haven't seen that movie. Will look for it. Thanks.
Story coming out FTX was major source of money laundering for the DEM Party and SBF was shielded by them and was a major contributor if not the largest.
This is why we're so far in debt, $32 TRILLION. Banks love it, more interest for them at taxpayers expense. Protect the taxpayer??? Hogwash!!! Who's being paid off by TBTF banks to implement these wreckless spending policies?
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