Bank Blog

Are they like a bunch of foreclosed mortgages? Are they just a bunch of debt that collection agencies would usually buy for a relatively low price and then try to collect on? Anybody know?

Now for my opinion which includes alot of opinions and speculation.

I’m worried that the government is buying up a bunch of debt so that they can sell it to a collection agency when the market stabilizes so that the American people can then be collected from on those debts? Burning the candle from both ends if you will. Pay so that people can collect money from us. Why not bailout the American people themselves? For the first time we are in a situation where we can use the American tax payer’s taxes to actually do them some tangible good. Pay off all American Student Loans and/or some mortgages (not sure exactly what 700Billion can do, so don’t know if the government paying off mortgages would be feasible) but that will inject the banks with the 700Billion or so freeing up that capitol so they can loan it back out, and will - at the same time- make the people happy (for once). Just seems like all I see is rich people worrying that they are going to make only a couple billion profit this year rather than the tens of billions like normal. I feel like the last couple generations are just doing anything they can to make money and soak up all the money they can no matter what. I hope this bill doesn’t pass the House. I feel as though this market collapse or depression or sownturn - whatever you want to call it - would be a purging event. The prices of everything have become so inflated due to the past generation’s greed that I think this is what we need. I hate this, because this is the first issue in a long time that just doesn’t seem like it will hurt American taxpayers as much as it will rich people who took a lot of risks, and low and behold the government (a bunch of old white men that most likely have a lot of wealth tied up in the market) just jump up quicker than I’ve ever seen and are trying - very aggressively - to save their money. I don’t have much stock in the market so maybe I’m in the minority on that fact but I think if I am, it is only because of people’s 401Ks through their job not through directly buying/selling/trading on the actual stock market.

It sickens me to think too hard about this. We need the purging of the system. We are trying to reinflate a bubble that is in immenent danger of popping. I think that any bailout will push markets up just enough that people will say “well, this is probably as high as my stock will go for a while so I will pull out now” so then we have a mass exxodus of investers and it crashes again, but now the American people are now out 700Billion. Swindled once again by corporate america and our government.

All I hear is that the people are against this action, but that seems to be on the backburner and being downplayed by all the media. I assume a lot of them (media) also have a lot of wealth tied up in the market and want this bill to pass. I’ve watched as they have tried manipulating the people by changing how they refer to the bill from a “bailout bill” to a “rescue bill” playing psychological games with us.
Dukemack (or whoever) - Are those foreclosed mortgages then? What would make them more valuable later?

By: Michael G

Let’s look as some Economical Facts:
1) Socialism bails out failing companies and banks.
2) Socialism bails out failing Airlines
3) Socialism offers companies loan deferments, tax abatements and employee credit all of which we call Corporate Welfare.

If this country depended solely on the Stock Market and Capitalism, the USA would have ceased to exist back in 1938.

So is Socialism a failure? Or is it Capitalism?
Cold grey, you are correct. In places like Austria, Sweden, Norway etc. are clear examples of pure socialism. The places are clean, nearly no crime and the median incomes are as good or higher than the US.
Good answer Liberate. It is so far a tie between you and Grey.

By: TLE_MGR

Obama: http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638

McCain: http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=n00006424

It just seems weird to be that these companies are lobbying for both these guys… so do they both have the same agenda? Will they both have to answer the these contributors and pass legislature that favors these companies?

Libertarian candidate Bob Barr: http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00002526

Barr is far less corrupted by corporate influence. Vote for him!

By: TBEau

The UNITED STATES OF AMERICA is a corporation owned by foreign interests

Excerpted from Dove-of-Oneness February 9 newsletter
http://www.nesara.us

www.fourwinds10.com/phb/united-states.html

Below are two articles covering the fact that, since the Act of 1871 which established the District of Columbia, we have been living under the UNITED STATES CORPORATION which is owned by certain international bankers and aristocracy of Europe and Britain.

In 1871 the Congress changed the name of the original Constitution by changing ONE WORD — and that was very significant as you will read.

Some people do not understand that ONE WORD or TWO WORDS difference in any “legal” document DO make the critical difference. But, Congress has known, and does know, this.

I’m told this corporation, established in 1871, will be cancelled by NESARA and NESARA will also restore the ORIGINAL Constitution which assists in restoring our Constitutional Rights and the Bill of Rights and our rights as described in the Declaration of Independence.

_________________

1871, February 21: Congress Passes an Act to Provide a Government for the District of Columbia, also known as the Act of 1871 ( from yet unpublished book, “Pentimento: Freedom Revisited.” As you will see when reading, just as much of my knowledge of the Trading with the Enemy Act came from Gene Schroder, et al. this, too, came from elsewhere — from Lisa Guilian of Babel Magazine, whom I first “met” by way of an article by Patrick Bellringer. So, we cooperate as we study and learn the truth. C. E.)

With no constitutional authority to do so, Congress creates a separate form of government for the District of Columbia, a ten mile square parcel of land (see, Acts of the Forty-first Congress,” Section 34, Session III, chapters 61 and 62).

The act — passed when the country was weakened and financially depleted in the aftermath of the Civil War — was a strategic move by foreign interests (international bankers) who were intent upon gaining a stranglehold on the coffers and neck of America.

Congress cut a deal with the international bankers (specifically Rothschilds of London) to incur a DEBT to said bankers. Because the bankers were not about to lend money to a floundering nation without serious stipulations, they devised a way to get their foot in the door of the United States.

The Act of 1871 formed a corporation called THE UNITED STATES. The corporation, OWNED by foreign interests, moved in and shoved the original Constitution into a dustbin. With the Act of 1871, the organic Constitution was defaced — in effect vandalized and sabotage — when the title was capitalized and the word “for” was changed to “of” in the title.

_________________________________________

THE CONSTITUTION OF THE UNITED STATES OF AMERICA is the constitution of the incorporated UNITED STATES OF AMERICA.

It operates in an economic capacity and has been used to fool the People into thinking it governs the Republic. It does is not!

Capitalization is NOT insignificant when one is referring to a legal document. This seemingly “minor” alteration has had a major impact on every subsequent generation of Americans.

What Congress did by passing the Act of 1871 was create an entirely new document, a constitution for the government of the District of Columbia, an INCORPORATED government. This newly altered Constitution was not intended to benefit the Republic. It benefits only the corporation of the UNITED STATES OF AMERICA and operates entirely outside the original (organic) Constitution.

Instead of having absolute and unalienable rights guaranteed under the organic Constitution, we the people now have “relative” rights or privileges. One example is the Sovereign’s right to travel, which has now been transformed (under corporate government policy) into a “privilege” that requires citizens to be licensed.

By passing the Act of 1871, Congress committed TREASON against the People who were Sovereign under the grants and decrees of the Declaration of Independence and the organic Constitution.

[Information courtesy of Lisa Guliani, www.babelmagazine.com. The Act of 1871 became the FOUNDATION of all the treason since committed by government officials.]

_______________________________________________
The UNITED STATES Isn’t a Country - It’s a Corporation!

In preparation for stealing America, the puppets of Britain’s banking cabal had already created a second government, a Shadow Government designed to manage what the common herd believed was a democracy, but what really was an incorporated UNITED STATES. Together this chimera, this two-headed monster, disallowed the common herd all rights of sui juris. [sovereignty]

Congress, with no authority to do so, created a separate form of government for the District of Columbia, a ten-mile square parcel of land. WHY and HOW did they do so? First, Lisa Guliani of Babel Magazine, reminds us that t

By: Mercer

Clinton,Obama, John & Mitt are only concerned about keeping International Bankers protected to continue their Financial control over America through the Federal Reserve Banking system.

The Council on Foreign Relations from its inception was started by the financial interest of these same wealthy bankers at the expense of “We the People” and continues to broaden its global sphere of influence.

They raise money as a God for the masses to worship and consumerism for the ignorant to praise.

Everyone has a life to lead with relationships, children, school, career…

This is what they count on to succeed in taking everything from you.

Their corporate paymasters enslave us through taxes, interest & penalty fees.

Consider the income to energy, housing & transportation ratio for the average American working class family?

Hard work and saving your money used to be enough to enjoy the American Dream, but if this continues will your childern even be able to dream?
Where do Ron Paul campaign support come from…US Army, Navy & Air Force.

http://www.opensecrets.org/pres08/moneyweb.asp?cycle=2008

List of top-tier financial holding companies of the Federal Reserve Board
Citigroup Inc
J.P. Morgan Chase & Co

HSBC Holdings PLC
Barclays PLC (England)

Deutsche Bank AG (Germany)

http://www.federalreserve.gov/generalinfo/fhc/

MINORITY OWNED BANKS and THEIR BRANCHES as of March 31, 2007
SORTED by STATE

http://www.federalreserve.gov/releases/mob/current/min_bnk_lst.pdf

INSURED U.S.-CHARTERED COMMERCIAL BANKS THAT HAVE CONSOLIDATED ASSETS
of $300 MILLION or MORE, RANKED by CONSOLIDATED ASSETS
As of June 30, 2007

http://www.federalreserve.gov/releases/lbr/current/lrg_bnk_lst.pdf

By: RON PAUL for President 2008

I need some advice, and would appreciate anyone’s opinion…. About 3 months back I was running low on cash and decided to go to one of those cash advance centers to take out money (a loan) for 2 weeks… After the two weeks was over I paid it but still founf myself low on cash and took another… This time when the two weeks had past I didn’t pay back the check and thus the check bounced, and now I owe money to there corporate office, problem is Im still low on cash and can’t find money to pay them back and now they are threatening me with bad credit and possible to go to court!…. Ive never had any troulbe with banks or law enforecement EVER before I’ve just hit a bad spot with income, what should I do?… Let it go and just take the bad mark on the credit, call there bluff let them take me to court, Find a rich uncle, IDK????…. PLease gimme so info, anything will help…

By: APbuckeye

Lets assume you start a Corporation. You’ve filed your articles of incorporation with the State, obtained an EIN from the IRS, and opened a Bank Account for the corporation.

Now obviously your business is broke. It has $0.00 in its bank account and you aren’t earning a single nickel at this time.

My question is, can you issue Bonds if your unable to get bank loans? What are the requirements and difficulties in issuing Corporate Bonds?

By: Alby

Here are a few things that I think would help. Is there anything on this list that Obama said he will do?

1- Less government spending
2- Limitations on trial lawyers
3- Less business regulation (except for those damn banks)
4- Less personal income redistribution
5- Fewer environmental regulations
6- Less unionization
7- More free trade/less protectionism
8- Lower minimum wage
9- More oil drilling
10- More nuclear power
11- Less corporate taxation
Come on Obama supporters…specifics please!!

Sorry Nicole, you’re solution is called socialism and has been proven to not work.
Thank you Joseph. So far you have the only pro-Obama answer that is even marginally thoughtful. I do agree that the economy would be fine if the government did nothing. The problem I believe is that they will screw with it by doing the opposite of what is on my list.

By: Spammy S

HOUSTON (AP) - Suppose Exxon Mobil decided to return the favor and buy you a tank of gas. Then again, why stop there? The oil giant turned a profit last year fat enough to buy a fill-up for every car, truck and SUV in America - four times.

Beating its own record to rack up the largest annual corporate profit in American history, Exxon Mobil Corp. said Friday it earned $40.6 billion for the year, reaping the benefits of crude-oil prices around $100 a barrel.

Exxon Mobil also topped its own record for profit in a single quarter, posting net income of $11.7 billion for the final three months of the year - about $1 billion more than the same period in 2005, the previous quarterly record.

The annual profit was enough, at $3 a gallon, to buy nearly four 15-gallon fill-ups for the roughly 243 million registered passenger vehicles on American roads. Put another way, it’s almost equal to what Microsoft has offered to buy Yahoo outright.

And the quarterly profit alone is about the same as the size of the entire economy of Iceland or Namibia. The previous record for annual profit was $39.5 billion, posted by Exxon Mobil in 2006.

Chevron Corp., No. 2 behind Exxon Mobil among U.S. oil companies, also had its best year ever in 2007, saying Friday that it banked a profit of $18.7 billion.

By: marnefirstinfantry

please can you give me any references to your answers, so that i can look into it further. thanks everyone

By: nazzz