WTP Brings Federal Lawsuit to Stop Bailout, page 1

WTP (We The People) Foundation (link) is a Constitutional issues as well as federal-income-tax-protester group. They filed a lawsuit not long ago regarding the right to petition for redress of grievances and five or six other issues such as the income tax and the Federal Reserve.

Now they have filed a lawsuit attempting to force a show-cause hearing and grant injunctions against bailouts. The lawsuit alleges that the actions of the government are ultra vires of its Constitutional limitations. Defendants include Ben Bernanke and Henry Paulson.

I for one agree that the bailouts are far above and beyond the Constitutional powers of the federal government, however the government has created a world in which such extraordinary powers are at times necessary and this was definitely one of those times. Without the bailout we would be in far worse shape, and the interest rate on those $85 billion is 11%, so it should generate some much needed revenue.

I know a lot of members here are opposed to the bailouts and a few are in favor. Regardless I'd like to hear what you think about the legality of the whole mess.

[edit on 19-9-2008 by EtSolveMundi]

reply to post by jtma508

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We the people should be forcefully showing the World what happens when crooks, thieves, economic rapist and outright bastards commit treason against the people...

But the notion that to get change is to sit in front of a computer and think man, these guys deserve hard prison terms damnit .. and not to actually do something is well .. it shows we lost our spirit and deserve what we get.

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