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Originally posted by m khan
March 13, 2008 Congress was tricked into allowing a secret meeting in which they were told that there would be an economic collapse in Sept 2008, an upheval mid 2009 in which members of Congress due to their voting records would be in danger of their lives from angry constituents but would be protected by DHS and fema and that part the of public would be preemptively rounded up and detained in fema camps and that we would have a North American Union w Mexico & Canada and the dollar be changed to an Amero.
12 Key Policy Decisions Led to Cataclysm
Financial deregulation led directly to the current economic meltdown. For the last three decades, government regulators, Congress and the executive branch, on a bipartisan basis, steadily eroded the regulatory system that restrained the financial sector from acting on its own worst tendencies. "Sold Out" details a dozen key steps to financial meltdown, revealing how industry pressure led to these deregulatory moves and their consequences:
1. 1. In 1999, Congress repealed the Glass-Steagall Act, which had prohibited the merger of commercial banking and investment banking.
2. Regulatory rules permitted off-balance sheet accounting -- tricks that enabled banks to hide their liabilities.
3. The Clinton administration blocked the Commodity Futures Trading Commission from regulating financial derivatives -- which became the basis for massive speculation.
4. Congress in 2000 prohibited regulation of financial derivatives when it passed the Commodity Futures Modernization Act.
5. The Securities and Exchange Commission in 2004 adopted a voluntary regulation scheme for investment banks that enabled them to incur much higher levels of debt.
6. Rules adopted by global regulators at the behest of the financial industry would enable commercial banks to determine their own capital reserve requirements, based on their internal "risk-assessment models."
7. Federal regulators refused to block widespread predatory lending practices earlier in this decade, failing to either issue appropriate regulations or even enforce existing ones.
8. Federal bank regulators claimed the power to supersede state consumer protection laws that could have diminished predatory lending and other abusive practices.
9. Federal rules prevent victims of abusive loans from suing firms that bought their loans from the banks that issued the original loan.
10. Fannie Mae and Freddie Mac expanded beyond their traditional scope of business and entered the subprime market, ultimately costing taxpayers hundreds of billions of dollars.
11. The abandonment of antitrust and related regulatory principles enabled the creation of too-big-to-fail megabanks, which engaged in much riskier practices than smaller banks.
12. Beset by conflicts of interest, private credit rating companies incorrectly assessed the quality of mortgage-backed securities; a 2006 law handcuffed the SEC from properly regulating the firms.
The betrayal was bipartisan: about 55 percent of the political donations went to Republicans and 45 percent to Democrats, primarily reflecting the balance of power over the decade. Democrats took just more than half of the financial sector's 2008 election cycle contributions.
Originally posted by SpartanKingLeonidas
reply to post by SkepticOverlord
You know, Bill, I am beginning to get pissed off, not at the Senators or Congressmen, but at apathetic American's and ATS'ers.
It is not only the systems fault, it is the people who let it continue as usual.
That would be the American people who will not get out there and do something.
[edit on 22-8-2009 by SpartanKingLeonidas]
Originally posted by ProtoplasmicTraveler
On March 28, 1861 the United States Congress adjourned sine die (without assigning a day for a further meeting or hearing, for an indefinite period to adjourn an assembly sine die). In other words Congress went home at the start of the Civil War with no intention on returning. To call the Congress back into session De jure (concerning law and principal) would have required the Speaker of the House and Majority Leader of the Senate to set the date at a later time.
This never ever happened. Let me repeat there has been no legally sat Congress or Senate per the United States Constitution since March 28, 1861.
The Congress was called back into session de facto (concerning fact and in practice) by President Abraham Lincoln who had not the Constitutional Authority or Power to do so.
Legally, technically and factually the Constitutional Government of the United States ceased to exist forever March 28, 1861. It became a de facto War Time Emergency Government a CORPORATE Government operating under Contract Law because at that point the United States Constitution became desuetude (an outdated doctrine that causes statutes and similar legislation to become unenforceable by a habit of non-enforcement or lapse of time.) Legal doctrine says that when something falls into desuetude and continued non-use that it is rendered invalid.
Not only did Lincoln not have the legal authority to call Congress into session under the Constitution, the Congress being illegally sat, lacked a quorum (In law a minimum number of members of a deliberative body necessary to conduct business of that group). A legislative body not meeting a quorum can not vote. The seceding States were only seceding over an unlawful attempt to infringe upon the Constitution and over an attempt to amend it illegally without a quorum and that is what caused the legal Congress to convene sine die. Lincoln’s illegal and dictatorial actions in decreeing Congress in session de facto while in sine die prevented the real Congress from ever reaching a Constitutionally legal agreement to call it back into session de jure by the Speaker of the House and the Majority Leader in the Senate. Thus the Constitution was violated at its core and fell into desuetude.
There has not been one Constitutionally Legal Law passed since March 28, 1861.
When Lincoln called Congress back in to session illegally by Presidential Decree the Office of the President became a Dictatorship (for all you out there wondering why a democratic congress that despised Bush would keep passing all his Bills and requests for money) and began operating under the United States Code of law, which is nothing but Corporate Contract Law, and turned the States each into a Corporation which created States Codes of Contract Law under the United States (the District of Columbia) the parent Corporation.
adjournment sine die - The end of a legislative session "without day." These adjournments are used to indicate the final adjournment of an annual or the two-year session of a Congress.
Originally posted by memarf1
reply to post by ProtoplasmicTraveler
Even if the Congress didn't have a Quorum, which I am not conceding that point considering the extraordinary circumstances, following the civil war they did. Thus your entire thread was simply wrong.
Not only that, but your lack of concession about my point is simply a lack of education. Go read the Constitution for gods sake!
Originally posted by memarf1
reply to post by ProtoplasmicTraveler
Your other claims of "Gun-Barrel" politics, don't even make any sense. The 3/5 rule in the constitution became immediately null and void in May 1865 after the civil war ended and thus the south gained additional representation b/c their population essentially increased and thus their representation had to adapt as well. They were economically destroyed and we began reconstruction. Once the war was over, regardless of what happened during the war, things went back to normal.(in a manner of speaking)
I see you really thought out your response in that last post. Congratulations on that one!