Was it just financial cronyism or something far more sinister when Hank Paulson, the former CEO of Goldman, got appointed as treasurer, and then bailed out AIG, while making sure that Goldman got paid off for the bets they placed on the imminent collapse of the sub prime loans they had pioneered, packaged and then sold off to unsuspecting investors..?.

Are Larry Summers & Tim Geithner still possibly only looking out for Goldman and other hedge funds , as they continue to try and convince us to stay the course, instead of demanding a moratorium of foreclosures and requiring that banks modify the loans?

How else do you explain that 9 months after the bailout, this trickle down plan that Paulson came up with is actually hurting those who need it the most, particularly as monthly mortgage payments keep re-setting ever higher?

We have reached the point, where we must wonder if it I by design, that the average borrower on Main street, cannot get through to his lender to discuss modifying his loan, and in the interim 1/2 a million more households per month, are losing their jobs and their homes?

Have Obama and much of the Democratic congress betrayed their core voter support, by pandering to the interests of Goldman and the rest of the financial community?

Where this any other country, the press would be reporting on this economical political chicanery, instead of applauding Goldman’s profits, and a well informed citizenry would be demanding that its government stop the payouts to Goldman and other hedge funds, while declaring a moratorium on all foreclosures, until the banks modify the loans..

I just decided to stop paying mine today. It is 2:30 AM on the 16, the day after the due date and I feel so worried about that.
The truth is that up until yesterday I wanted to pay, and I have not consulted with a lawyer and a CPA just yet. But I have now lost my job and I can’t affort to run out of cash, with a little one to feed.
Still, it sound immoral, illicit and flat out wrong, and my decision making has not been the most brilliant recently, to say the least. I need someone to tell me that it is ok, although I know I won’t believe him. I wasn’t brought up to chicken away from my obligations and duties…And God, that is just the way it feels right now…

Lewis v. United States, 680 F.2d 1239 (1982)
John L. Lewis, Plaintiff/Appellant,
v.
United States of America, Defendant/Appellee.

“The Court of Appeals, Poole, Circuit Judge, held that federal reserve banks are not federal instrumentalities for purposes of the Act, but are independent, privately owned and locally controlled corporations.”

It’s more bitter bandaids to braintumours — why not use a form of activism, that goes right to the heart of the exponential function fiat currency, lying lawyers, banksters hearts!! Take em on legally — and there is PRECEDENT FOR IT!

Dead-Mans-Hand:

Is it Possible All Mortgage Contracts Are Void and Foreclosures are Invalid?

I first stumbled across the very curious case of Jerome Daly through an article by Ellen Brown, author of the book Web of Debt. It concerns a foreclosure case in Minnesota in 1968 that has yet to be overturned, and the issues go straight to the heart of the sleight of hand that the banking system is built upon. The case also presents an optimistic view of how individuals can take back the power to create money from the private banks.

Jerome Daly was a homeowner living in Minnesota who stopped paying his mortgage. The lender, First National Bank of Montgomery, of course, sued the man for foreclosure. Daly presented his argument before a jury as to why he did not owe the bank anything.

Essentially, he argued that the bank had not provided any consideration for Daly’s promise to pay back the loan. Consideration is one of the requirements for a valid contract, and without it, a contract is void. Daly was arguing that the mortgage contract was void and did not need to be repaid because the bank had not actually given him any money. The lender had created the money out of thin air in response to the promise to repay the loan.

This credit, argued Daly, was not real money that counted as consideration and therefore did not need to be paid back. Without valid consideration, the mortgage contract was null and void and nothing was owed to the bank. Astoundingly enough, the jury agreed with him and declared that the mortgage was not a valid contract.

The judge and a representative testifying on behalf of the bank also agreed with Daly’s argument, in effect. The bank’s president, Mr. Morgan, admitted that the money did not exist until Daly was given the mortgage, and the money was created out of thin air.

The judge wrote a supporting decision in the case agreeing with Daly, writing “The money and credit first came into existence when they created it. Mr. Morgan [the bank's president] admitted that no United States Law or Statute existed which gave him the right to do this.” Thus, the lending of the money to Daly in the form of a mortgage did not constitute valid consideration. The bank did not even have the authority to create money out of thin air according to any known law or statute.

Full Story

I want MORE of this kind of popular sentiment. I hope people are ready to grab the pitchfork and the torches at this point.

Do not try to stifle it. That’s the Government’s job apparently. Let THEM be the ones going after Limbaugh, Santinelli, Cramer et al…

People – even the ones who buy that bumper sticker – are protesting THE GOVERMENT’S BAILOUT of non-paying mortgagees with taxpayer funding.

You’re against that too, right???

Santelli’s rant WAS NOT a rant against those not paying their mortgages. It was a rant against the government CONFISCATING OUR WEALTH TO BAIL OUT those irresponsible mortgagees.

See the difference?

Aren’t you also against that???

Blue state / red State? I don’t see that at all in this except that Dems are the only ones who might believe Obama has a clue at this point – or even good intentions possibly.

Seriously, move on…