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How much of that 700 BILLION dollar Treasury Dept. Slush Fund goes to Israel?
How much of the 700 BILLION dollar slush fund given to the Treasury Department will wind up in Tel Aviv?
A slush fund that starts at 700 BILLION, and there's NO LIMIT.
Maybe this is the "Clean Break: Securing the Realm" scenario talked about where Israel gets some type of outside money to permanently prop up that racist and apartheid, Jews only state.
A document written by some of the same thugs that lied the US into the Iraq War.
Thugs like David Wurmser, Doug Feith and Richard Perle.
The Clean Break document here, says that "...[financial] self-reliance will grant Israel greater freedom of action and remove a significant lever of pressure used against it in the past."
In other words, if Israel was able to secure a line of financing independent of the US Congress, where occasionally, embarrassing questions about Israel's brutal ethnic cleansing campaign against the Palestinians and the Lebanese get asked, then with that independent financing, Israel could murder and steal to it's hearts content. color=red>
Congress is being asked and told to hurry, hurry, hurry, push this thru NOW, don't ask any questions, especially about the part that will give US money to foreign interests, as shown here
Is it because one or more of those foreign interest are banks in Tel Aviv or banks directly related to Israel? And why does this whole bill sound like a "Get out of Jail" free card to the con artists and hustlers who helped tank the US economy to begin with, since we're being told to act like adults and not to worry about bygones and thieves, they'll be dealt with later....Right.
This is equivalent to seeing a thief ransacking your house and pointing out to him where your kid's piggybank is located.
If this whole damned deal is such a good thing, then why this portion?
"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.”
They've already changed the provisons several times, how many more changes before this load of manure gets shoveled down our throats?
The legislative outline that went to Capitol Hill at 1:30 a.m. Saturday had said that an eligible financial institution had to have “its headquarters in the United States.” That would exclude foreign-based institutions with big U.S. operations, such as Barclays, Credit Suisse, Deutsche Bank, HSBC, Royal Bank of Scotland and UBS.
But a Treasury “Fact Sheet” released at 7:15 Saturday night sought to give the administration more flexibility, with an expanded definition that could include all of those banks: “Participating financial institutions must have significant operations in the U.S., unless the Secretary makes a determination, in consultation with the Chairman of the Federal Reserve, that broader eligibility is necessary to effectively stabilize financial markets.”
From the always on the ball blog at American Everyman
***UPDATE*** It’s interesting that CBS is trying to sell this plan to it’s viewers as “the Lesser of Two Evils” quoting “some sources say…”. This article doesn’t mention the fact that the $700 billion isn’t an overall price, just a cap on how much can be outstanding at one time, meaning it will be much more in overall cost to the taxpayers. Nor do they mention the complete and unchallengeable control that one person would have over that immense sum of money. Instead they just parrot the usual cliche that people are expected to buy these days when having to suck-it-up and accept something they don’t really want; “the lesser of two evils“. I certainly hope you “progressive” sites out there take note.
Within the $700 billion dollar Bailout Bill, there lies some very interesting clauses. The most striking of which is Section 8
“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.”
This basically means that the decisions that the Secretary makes may, or may not be, announced to the public at the sole discretion of the Secretary, and those decisions cannot be challenged, in any way, by court or by oversight committee, giving him absolute and final say over what happens to $700 billion dollars of our money.
They will have complete control to the largest slush-fund in the world, and they will be allowed to use it, in secret, and with absolutely ZERO accountability to the public from which that money comes from.
Imagine giving your accountant complete access to all of your wealth and savings and even mortgages, and you can’t know what he is doing with it and you have no legal recourse afterward. You aren’t even allowed to investigate, mush less bring charges or contend any of his actions. Would you sign that contract?
Not only that, but it’s not really just $700 billion. According to the bill, the Secretary will have at his disposal that amount at any one given time. But if he were to “resolve” a portion of that debt, say by buying up all of Exxon’s competitor’s stock, and then short selling it all off to say… Exxon, we eat the loss, the Rockefeller’s get the gain, and that little bit of money goes back into the kitty, and the Secretary has a new $700 billion to play with.
“The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time.”
I don’t think it is possible to even dream up a worse authority to give to an administration that has already proven that they will put their loyalty to certain companies over the will of the people, the good of the people and the rights of the people.
The only good thing about this bill is that it is slated to last only 2 years. My guess is that it won’t take them half that long before there are only two banks in the entire country; Jp Morgan/Chase and Bank of America.
This is insane. What they have done, is purposefully allowed the crash of the morgage markets in order to create massive profits for themselves and at the same time, to create a financial disaster that they are now using to justify this handover of wealth and absolute power to… themselves.
I will say this again because it deserves repeating; how can any public servant even think about handing this kind of unregulated power over to the kinds of people that have already proven they will put their corporate ties over everything else? Anyone, and I mean anyone, who votes for this legislation as it is written, deserves to be removed from office immediately. Democrat, republican, or independent.