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55 comments on Gloom and Doom - with a smile - the ASPO-USA 4 meeting in Sacramento

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Sam Foucher on September 23, 2008 - 10:46am Permalink | Subthread | Parent | Comments top

You forgot to add this:

P.S: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Taken from Section 8 of the initial plan (http://blog.heritage.org/2008/09/20/text-of-the-bailout-legislation/).

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research24 on September 23, 2008 - 12:41pm Permalink | Subthread | Parent | Comments top

Oh, and I like the part about all financial institutions become "an agent of the U.S. Government."

Wow, imagine Goldman Sachs and your 401k as agents of Henry IX.

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tonyw on September 23, 2008 - 1:55pm Permalink | Subthread | Parent | Comments top

Khebab, old motto i just made up, what you don't ask for you don't get. First point in negotiating is to ask for something larger than what you expect to setle for, unlimited powers and no recourse sounds good to me.

If they get away with this they will just come back and ask for more. Next round, cut social security - do you have this in the USSA?

Right now the option of doing nothing is worse than this bailout since everything would completely freeze. Even though it would cost me big I am coming to the conclusion we cannot let these bar stewards get away with it and need to fire all the "investment" bankers just leaving those necessary for regular business.

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reddot on September 23, 2008 - 2:49pm Permalink | Subthread | Parent | Comments top

and this:
Draft Notice For The Banks: The proposed financials "bailout" creates a Selective Service for banks and other money interests. Grab a hold of this...
LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY
TO PURCHASE MORTGAGE-RELATED ASSETS
Section 1...
Sec. 2. Purchases of Mortgage-Related Assets.
(a) ...
(b) Necessary Actions...
(1) ...
(2) ...
(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

Dear XYZ Bank,
you are hereby legally drafted to serve at the government's pleasure.The Federal Sovereign Executive Branch rules, not Congress or the Supremes. Do not be so foolish as to misinterpret the word "reasonable". You are duly advised our drafting authority allows no recourse to protest or appeal. Only in that respect is it different from a Military Draft wherein you may request a Court Martial.
BTW, can someone explain the difference between a military draft and slavery?...or involuntary servitude?

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tonyw on September 23, 2008 - 3:03pm Permalink | Subthread | Parent | Comments top

the difference between a military draft and slavery?...or involuntary servitude?

It's easy really, we draft, they enslave or involuntary servitude (that's not a real word!!) The first is legal because we are doing it, the other two are not because we're not, unless of course we are doing it for a good reason then it's in the interests of the people isn't it especially if we have managed to whip them up against something like commies, bin laden, saddam.... Heck, there's not much of a difference really is there?

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55 comments on Gloom and Doom - with a smile - the ASPO-USA 4 meeting in Sacramento

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