Saturday, September 17, 2011

Bank Of America's Backdoor Bailout

The Rumor Mill News Reading Room

Bank Of America's Backdoor Bailout - Dumping Mortgage Trash Onto Taxpayers Via Fannie Mae
Posted By: afriend [Send E-Mail]
Date: Saturday, 17-Sep-2011 04:58:51
Really who wants to argue,that we are not seeing just more of the same old same old.Cheney's mouthpiece has been mocking for weeks,about the status quo remaining the same,while at the same time beating on the guy in the white house like it is his fault that these programs or settlements are not moving forward.People this fraud was going on long before Obama got in the White House.
What I do know for sure about Obama, is that for whatever reason he allows the looting of America to continue unabated,I had hoped he was an honorable man.
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FORTUNE -- Taxpayers may not realize it, but they just bailed out Bank of America again, this time to the tune of more than a half billion dollars.
The Charlotte, NC-based bank was one of the biggest recipients of bailout funds during the financial crisis. But Bank of America continues to face deep problems related to its troubled mortgage portfolio and investors have battered the stock, which has plunged over 40% so far this year. That's escalated concerns that the bank may need to raise more capital. Yves Smith at Naked Capitalism has even started a BofA death watch.
But apparently the federal government is determined to resurrect BofA: the Wall Street Journalreports the feds have just used Fannie Mae, which is controlled by the U.S. government, to infuse BofA with $500 million and ease one of the bank's biggest headaches.
Yesterday afternoon on CNBC, Bank of America CEO Brian Moynihan mentioned that five of BofA's six businesses were making money. The one black spot was its massive portfolio of problematic mortgages and the liabilities flowing from it. Moynihan also mentioned that BofA had just sold some "mortgage servicing rights" as part of its balance sheet strengthening efforts, but he didn't elaborate.
According to the WSJ, Fannie Mae spent $500 million to buy the servicing rights to a big chunk of the "seven million loans still causing the most problems." Although the $500 million is a paper loss to BofA, in that the rights were "originally worth more," it looks like BofA is still getting a good deal because the portfolio's "value is expected to deteriorate further."
http://www.blacklistednews.com/Bank_Of_America%27s_Backdoor_Bailout_-_Dumping_Mortgage_Trash_Onto_Taxpayers_Via_Fannie_Mae/15748/0/0/0/Y/M.html

afriend

Constitutionalism and the Rule of Law in America

The Rumor Mill News Reading Room

The Oath Accountability Civil Action: Constitutionalism and the Rule of Law in America
Posted By: watcher51445
Date: Saturday, 17-Sep-2011 08:13:35
Constitutionalism and the Rule of Law in America
The Oath Accountability Civil Action
http://patriotpost.us/alexander/2011/09/15/the-oath-accountability-civil-action/
A Legal Remedy for Restoration of Constitutional Integrity
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. ... Done ... the seventeenth day of September, in the year of our LORD one thousand seven hundred and eighty seven." --George Washington and the Signers
On the eve of Constitution Day, and the 15th anniversary of The Patriot Post, we are preparing to launch a legal battle in support of our mission to reinstate Rule of Law as enshrined in our Constitution.

This legal action, unlike others before it, regards Breach of Oath -- breach of the contract established by our Constitution between the elected and appointed members of the Executive, Legislative and Judicial branches of our government, and We the People. It seeks remedy for the lack of any proscription against, and penalty for such breach.
A Civil Action to Restore Constitutional Integrity
To enforce our Constitution's limits on the central government, we believe a formal legal action is necessary. This action, if successful, would require that all members of the Executive, Legislative and Judicial branches, first and foremost, abide by their oaths "to support and defend" our Constitution, under penalty of law, and comport with its enumerated limitations on the federal government. The current scope of federal activities provides abundant evidence that many members of those three co-equal branches have long since abandoned their oaths, and, at present, there is no recourse for prosecution to enforce compliance.

This civil action is predicated on three questions concerning Rule of Law as enshrined in our Constitution:
First, are elected and appointed members of the Executive, Legislative and Judicial Branches of the central government required, under penalty of law, to abide by their oaths "to support and defend" our Constitution, as specified in its original language in Article II, Section 1 and Article VI, clause 3, as ratified?

Second, in respect to their oaths, do all members comport with our Constitution's prescribed method for amendment as specified in Article V, rather than disregard that constitutional prescription in favor of legislative actions based upon judicial diktats redefining those limits in accordance with the errant so-called "living Constitution"?
And, third, if the answers to questions 1 and 2 are "no," then does breach of oath, which is not currently subject to legal redress, constitute a breach of trust with the American people -- a violation of the contract established by our Constitution between those in the Executive, Legislative and Judicial branches, and the American people? Consequently, does Breach of Oath impose harm and injustice upon citizens, who are subject to the government's laying and collecting of taxes, and accumulating of debt, for expenditures not expressly authorized by our Constitution?
The first step in seeking legal remedy to restore the integrity of our Constitution is to establish whether "We, the People," have legal standing to require all members of the three branches of our central government to abide by their oaths.
To that end, please register your support for this action, and join Patriots across the nation in this effort to establish legal standing as citizens, particularly those in our Armed Services who defend their oaths with blood and life. If we are unsuccessful in our effort to seek remedy for the lack of any proscription against, and penalty for breach of oath, it is because the judiciary refuses any such accountability regarding the wanton violation of our Constitution. Such rejection would, in effect, render Americans, once again, condemned to the abuse previously characterized in American history as "Taxation Without Representation."

Background
This civil action to restore the integrity of our Constitution and its enumerated limits upon the role and activities of the central government is funded by The Essential Liberty Project and promoted by The Patriot Post.
We are seeking to answer the question of whether "We, the People," have legal standing to require all members of the three Branches of our central government to abide by their oaths. We will determine the appropriate venue and ask the court to certify this action once we have reached a sufficient number of plaintiffs to impress upon the court, and supporting members of Congress, that The People demand recourse.
We believe that this complaint complies with Federal Rules of Civil Procedure and thus should be provided a federal hearing, an assertion that, if denied by the courts, we will seek on appeal. We may also opt to file in one or more state courts should the federal courts reject this action. And last but not least, if enough Americans sign this action, the legislative option becomes viable.
We will reject the notion that the power to vote constitutes fair "representation," where there is no assurance that representatives will abide by their oaths of office and, instead, use the treasury as an instrument to perpetuate their re-election by special interest constituencies, whose allegiance is secured with confiscated and redistributed wealth.
If American citizens are rightly found to have legal standing, then the second order of business will be to question congressional authority to lay and collect taxes, and to accumulate debt, for expenditures not expressly authorized by our Constitution, with the objective of defunding such expenditures.
We will seek to renew congressional requirements for enumeration of constitutional authority for each and every piece of legislation proposed by the Executive and Legislative branches.
Have you taken an oath? Post your opinion
Our United States Constitution, as written and ratified, stipulates in its preface that it is "ordained and established" by the people to "secure the Blessings of Liberty to ourselves and our Posterity." To that end, it established a republic, not a popular democracy, which is to say it affirmed the primacy of Rule of Law over rule of men.
Accordingly, the first order of business for those elected to national office is that they be bound by oath to "preserve, protect and defend" the Constitution under which they were duly elected.
For those elected to the presidency, Article II, Section 1, specifies: Before he enter on the Execution of his Office, he shall take the following Oath or Affirmation: "I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States."
Likewise, Article VI, Clause 3 specifies: "The Senators and Representatives before mentioned, and the Members of the several State Legislatures, and all executive and judicial Officers, both of the United States and of the several States, shall be bound by Oath or Affirmation, to support this Constitution..."
The key words here are "shall be bound by oath or affirmation." Bound how and by whom? And with what penalty for violation? Currently, we believe they are bound solely by their conscience, and there is no statutory mandate for abiding by their oaths.
Our Founders intended that elected officials and judges, by way of their oaths, would be constrained by Rule of Law. However, they also assumed that those elected and appointed would be, uniformly, men and women of sufficient character to honor their oaths.

Our Founders were clear about our Constitution's Rule of Law and its prescribed method for amendment as specified in Article V, but the enforcement of that prescription is predicated on being bound by oaths.
George Washington: "The basis of our political systems is the right of the people to make and to alter their Constitutions of Government. But the Constitution, which at any time exists, 'till changed by an explicit and authentic act of the whole People is sacredly obligatory upon all. ... Should, hereafter, those incited by the lust of power and prompted by the supineness or venality of their constituents, overleap the known barriers of this Constitution and violate the unalienable rights of humanity: it will only serve to show, that no compact among men (however provident in its construction and sacred in its ratification) can be pronounced everlasting and inviolable, and if I may so express myself, that no Wall of words, that no mound of parchment can be so formed as to stand against the sweeping torrent of boundless ambition on the side, aided by the sapping current of corrupted morals on the other."
John Adams: "Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other. ... The only foundation of a free Constitution is pure Virtue, and if this cannot be inspired into our People. ... [T]hey may change their Rulers, and the forms of Government, but they will not obtain a lasting Liberty. ... A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever."
Thomas Jefferson: "Our peculiar security is in the possession of a written Constitution. Let us not make it a blank paper by construction. ... To consider the judges as the ultimate arbiters of all Constitutional questions [is] a very dangerous doctrine indeed, and one which would place us under the despotism of an oligarchy. ... The Constitution has erected no such single tribunal, knowing that to whatever hands confided, with the corruptions of time and party, its members would become despots. ... The opinion which gives to the judges the right to decide what laws are Constitutional and what not, not only for themselves in their own sphere of action but for the Legislature and Executive also in their spheres, would make the Judiciary a despotic branch. ... On every question of construction carry ourselves back to the time when the Constitution was adopted, recollect the spirit manifested in the debates and instead of trying what meaning may be squeezed out of the text or invented against it, conform to the probable one in which it was passed. ... In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution."
Alexander Hamilton: "[T]here is not a syllable in the [Constitution] which directly empowers the national courts to construe the laws according to the spirit of the Constitution, or which gives them any greater latitude in this respect than may be claimed by the courts of every State. ... The Judiciary ... has no influence over either the sword or the purse; no direction either of the strength or of the wealth of the society, and can take no active resolution whatever. It may truly be said to have neither force nor will. ... If it be asked, 'What is the most sacred duty and the greatest source of our security in a Republic?' The answer would be, an inviolable respect for the Constitution and Laws -- the first growing out of the last. ... A sacred respect for the Constitutional law is the vital principle, the sustaining energy of a free government. ... [T]he present Constitution is the standard to which we are to cling. Under its banners, bona fide must we combat our political foes -- rejecting all changes but through the channel itself provides for amendments."
James Madison: "I entirely concur in the propriety of resorting to the sense in which the Constitution was accepted and ratified by the nation. In that sense alone it is the legitimate Constitution. And if that is not the guide in expounding it, there may be no security for a consistent and stable, more than for a faithful exercise of its powers. ... If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions."
Those members of the Executive, Legislative and Judicial branches, who have abandoned their oaths, believe they are above the mandates established by our Founders, and thus, above the law.
Our constitutional rights are being violated, and that violation is sustained by unjust taxation for purposes not expressly authorized by our Constitution. Consequently, our nation is on the precipice of insolvency, and the bill is coming due. It will most certainly be repaid in the currency of tyranny unless Liberty with its inherent Rule of Law prevail.
The time has come that all American Patriots must, "with a firm reliance on the protection of divine Providence, mutually pledge to each other our Lives, our Fortunes and our sacred Honor," as we endeavor to restore Rule of Law and our Constitution's limits on the central government.

Semper Vigilo, Fortis, Paratus et Fidelis!
Libertas aut Mortis!

Mark Alexander
Publisher, The Patriot Post
https://patriotpostshop.com/products/1501

Click Here
Educate yourself! Constitutionalism and the Rule of Law in America
In this monograph, noted professor of constitutional history at the University of Maryland, Herman Belz, tells the story of the development of the rule of law and explains how it was established in the United States. Strained under the attack of progressive and then New Deal reformers, revived under modern conservatism and the argument for constitutional originalism, these principles remain just as relevant and controversial as they were in 1787.

So What's Up With the Big Increase in UFO Reports?

The Rumor Mill News Reading Room

So What's Up With the Big Increase in UFO Reports?
Posted By: Jordon [Send E-Mail]
Date: Saturday, 17-Sep-2011 06:06:18
According to an organization that tracks UFO reports, this summer has been an especially busy period for UFO sightings. The Mutual UFO Network (MUFON) noted that sightings increased over the past six weeks, with some states more than doubling their normal numbers.
Are we on the cusp of an alien invasion? Or maybe people just have more time on their hands to spot — and report — strange things in the sky?
MUFON International Director Clifford Clift told Life's Little Mysteries that he's not sure what to make of the data at this point. It could be the start of something big, or it could merely be a computer glitch that accidentally counted some reports twice. Another possibility is that we're simply in the midst of a "UFO flap," one of many periodic increases in sightings over the years.
Read more: http://www.msnbc.msn.com/id/44555210/ns/technology_and_science-science/#.TnRuMuxSquI
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Comment from Susan Joy Rennison:
As I have been saying for ther last three years or so, the dramatic increase in UFO reports is because we are experiencing a so-called 'dimensional shift' or the 'veil lifting' as it has been called in the metaphysical community.
This is the Greatest Transition in the History of Mankind and people being ignorant of what is happening is NOT going to change reality. This is absolutely FUNDAMENTAL! Due to Space Weather delivering high energy magnetic and corpuscular matter and changing the fabric of spacetime, it's just going to get more and more obvious that WE ARE NOT ALONE and that the predictions of the RETURN OF THE GODS or THE RETURN OF THE ANCESTORS has been fulfilled.
The metaphysical community have largely failed to explain to the world about what is happening and presumably I can only think that most spiritual leaders don't understand what spiritual really signifies. Don't you think it is incredible that the mainstream have been complaining about the dramatic increase in UFO reports for the last few years, whilst the metaphysical community have largely gone extremely quiet?
I have been talking about living in a cosmic aquarium and it's getting absolutely obvious that these are not spacecrafts, because what conventional spacecraft do you know of that can split up into separate orbs? Our scientists have been studying this plasma lifeform for decades and the military and the PTB already know the truth, but they are too embarrassed to admit that a lifeform exists that they have no control over.

New Interview with Benjamin Fulford

The Rumor Mill News Reading Room

New Interview with Benjamin Fulford
Posted By: Jordon [Send E-Mail]
Date: Saturday, 17-Sep-2011 05:18:12
David Wilcock interviews Benjamin Fulford
Disclosure Imminent? Two Underground NWO Bases Destroyed
80 different countries have now formed an alliance against the Old World Order / Nazi-esque cabal.
Two huge underground cities were destroyed on August 23rd -- which may be seen by historians as the critical moment in which the war was won.
EXCLUSIVE INTERVIEW -- BY DAVID WILCOCK
Click here

Friday, September 16, 2011

Area 51 Scientist Story

http://www.forbiddenknowledgetv.com/videos/ufosinterdimensionalultraterrestrials/area-51-scientists-story.html

FEMA Concentration Camps

FEMA Concentration Camps:
Locations and Executive Orders

http://www.mindfully.org/Reform/2004/FEMA-Concentration-Camps3sep04.htm

China to 'liquidate' US Treasuries

The Rumor Mill News Reading Room

China to 'liquidate' US Treasuries
Posted By: Susoni
Date: Friday, 16-Sep-2011 15:16:48
The debt markets have been warned.
A key rate setter-for China's central bank let slip – or was it a slip? – that Beijing aims to run down its portfolio of US debt as soon as safely possible.
"We would like to buy stakes in Boeing, Intel, and Apple, and maybe we should invest in these types of companies in a proactive way."
"Once the US Treasury market stabilizes we can liquidate more of our holdings of Treasuries," he said.
To my knowledge, this is the first time that a top adviser to China's central bank has uttered the word "liquidate".
We don't know how much US debt is held by SAFE (State Administration of Foreign Exchange), the bank's FX arm. The figure is thought to be over $2.2 trillion.
The Chinese are clearly vexed with Washington, viewing the Fed's QE as a stealth default on US debt.
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100011987/china-to-liquidate-us-treasuries-not-dollars/