posted on Oct, 16 2008 @ 11:47 AM
there is a little noticed or regarded little clause in the $250bn bank and financial firms bailout....
we are made keenly aware that the Fed/Treasury is going to buy..."invest", ~against the wishes of some banks~
a position in the 9 large Banks that the Fed/Treasury has determined will be the core of the new Fed/Treas controlled money distribution system
here in the USA.
The Fed/Treasury will now 'Own' Senior Preferred Stock in each of the 9 Primary Dealer Banks... the preferred shares will pay a 5% dividend for the
first 3 years, after which the payout on these perferred shares will increase to a 9-10% annual dividend....
most all of us are aware of that item
but did anyone notice.... the wording in the plan goes on to say that the Fed/Treasury who own the preferred stocks with the Senior Dividend
can at their option... sell/transfer/pass along any or all those preferred dividend paying stocks to A Third Party
just what is that supposed to mean??...
can Paulson or Bernanke, before retiring, go ahead and award themselves a portion of these preferred, dividend paying stocks, from any of those 9
major banks -->which includes the likes of BankofAmerica, GoldmanSachs, MorganStanley... etc etc
remember that the Law that provided the $700bn (plus $180bn Pork)
for the bailout, that Congress passed on the second try...
has an almost hidden clause, which states that Paulson may determine just what assets may be bought and how much the assets are worth....
And whatever disposition of any assets that Paulson decides upon---
cannot be questioned by Congress nor can his decision be contested by legal recourse....i.e. Paulson is immune from prosecution & has a completely
free-hand in the spending and distribution of the $700bn
which is divvied out at $250bn, $100bn, & $350bn tranches.
with the wording... it is potentially possible that Paulson could award himself, any ammount of the perferred stocks the govt is receiving for the
first installment of money ($250bn)
being spent on bailing out the banks from insolvency...
with the intended purpose of un-freezing the credit markets.
~*~ ...... [hmmmmm]