Credit Crisis Crooks

By: James Burge

Well it’s looking fairly grim south of the border, here’s hoping Canada’s Politicians won’t get away with anything similar.

What is going on in the US right now, the so-called ‘Bailout’ is nothing more than Corporate America stealing from the taxpayers, aided and abetted by the Executive Branch, with little to no resistance in Congress. But who would blame them when more then 50 members of Congress would personally benefit from the bailout plan.

Pelosi, in her most recent financial disclosure form, reported that her husband owned between $250,000 and $500,000 of stock in AIG, which ceded majority control to the U.S. government this week in exchange for $85 billion of loans.

Kerry, the 2004 Democratic presidential nominee, disclosed that his wife, Teresa Heinz Kerry, had more than $2 million of AIG stock at the end of 2007, when shares were worth $58.30. AIG has fallen 85 percent this week to close yesterday at $2.69. The lawmakers’ aides didn’t respond to calls seeking comment.

Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. — some of the biggest casualties of the market bloodbath

Basically what you have here is a last ditch effort to once and for all destroy/bankrupt the middle class taxpayers in order to ‘save’ the rich elite from their own predatory lending practices, which were designed (by none other then GW himself) to loan money to people who couldn’t afford it, only to group these risky mortgages, give them flashy names, and sell them to people who didn’t know or care what they were really getting because (as with the savings and loan crisis, and the ‘tech bubble‘) they figured if it got bad enough the government would step in, and ‘save the day’ using the same taxpayers money that were given predatory loans they can’t afford and most have already lost houses. But I’m sure they can afford to pay so the banks and most publicly traded companies get the money. It’s a steal from the poor, give to the rich sorta thing.  And don’t forget that the companies that own the Media will benefit so expect them to parrot how great an idea….(a bit of a rant I know).

Another thing worth mentioning is the recent US Defense Authorization Act which seemed to nullify part of the Posse Comitatus Act (passed in 1878) which prohibits the federal government from using the Army against it’s own citizens.

The President may employ the armed forces to restore public order in any State of the United States the President determines hinders the execution of laws or deprives people of a right, privilege, immunity, or protection named in the Constitution and secured by law or opposes or obstructs the execution of the laws of the United States or impedes the course of justice under those laws.

Although these changes were repealed, Bush issued a signing statement basically saying he doesn’t have to listen if he doesn’t want to.

Basically, if enough people take to the streets to protest this greedy bailout plan, coupled with economic collapse, Bush has the power to declare Martial Law, and it seems to be happening already as mentioned here (Brigade homeland tours start Oct. 1).

[The Army] may be called upon to help with civil unrest and crowd control or to deal with potentially horrific scenarios such as massive poisoning and chaos in response to a chemical, biological, radiological, nuclear or high-yield explosive, or CBRNE, attack. [1]

Again, fear is used to confuse the issue, and the issue here is the President unilaterally using the Army against anyone who protests.  More and more often Agent Provacateurs have been used to incite violence at peaceful protests. The intent of this is two fold, firstly it is important to paint a picture where protestors are violent and completely unreasonable, making them out to be a menace. Secondly, so that a ‘show of force’ in the form of heavily armed guards (or soldiers) would be seen as welcome when their presence prior to a disaster is unlawful under Posse Comitatus. At the democratic national convention, police began arresting accredited journalists (injuring a few) for trying to do their job and cover the heavy handed tactics used by Police, ultimately providing them with all the proof they needed.

Another thing to keep in mind (this point was raised By Webster G. Tarpley), this could be the one thing to get McCain elected, all he has to do is vote against it.

In political terms, McCain is now running well to the left of Obama on this issue, with a much stronger populist profile. McCain has attacked the outrageous greed and corruption of Wall Street. Obama does not dare attack Wall Street, since these are his masters. Obama, sounding like Milton Friedman, only attacks Washington. Obama has said that he will support whatever Paulson demands. That is not a surprise, since Paulson represents Goldman Sachs, and Obama is a wholly owned property of Goldman Sachs, which is his single biggest source of campaign contributions. Obama is a creature of Brzezinski, Soros, and Rockefeller, and without them he has no existence; Obama is an abject Wall Street puppet, an agent of finance capital. This week, both senators will have to decide how they vote on the odious derivatives bailout. Obama will surely vote in favor of it, since this is what Wall Street demands. If McCain votes against it, he will most probably propel himself into the White House on the model of Give ‘Em Hell Harry in 1948. Filthy corrupt Democrats like Schumer are already attacking McCain as the new Huey Long. Huey Long, the Louisiana populist of the 1930s, had many positive features, and we could certainly use a good dose of Huey Long in this country to counteract the elitism, oligarchism, condescension, and arrogant snobbery of foundation operatives like Obama. The bailout is already very unpopular ­ 72% of all voters are opposed to it ­ and it will become more and more hated when it becomes clear that it is also a failure. McCain’s course is clear. Will he have the brains and guts to cross Obama’s T on this vital issue?

A good point raised at whatreallyhappened.com…

DO NOT FALL FOR THESE ONLINE PETITIONS AND VOTING SYSTEMS OR “SEND A MESSAGE TO CONGRESS” WEBSITES. Many of them are FAKES set up to head you off, and keep you from contacting Congress directly with your anger at the bailout. The idea is to trick you into thinking you have done all you need to do with a click on a pointless website whose results will never, EVER, see the top of a congresscritters’ desk.

Lastly, the article that made me start this post, “Now is the Time to Resist Wall Street’s Shock Doctrine” by Naomi Klein

Also see

• Ben Stein almost lets out the Big Secret

• I think I have figured out the WallSteet Scam

• “Lego Block” Prison Cells Readied in Utah

• Ron Paul and Why the Bailout Should Make You Afraid, Very Afraid