Comments on: Congress’ Solution to AIG, Fannie Mae and Freddie Mac: A Supertrustee http://www.citizeneconomists.com/blogs/2008/09/26/congress-solution-to-aig-fannie-mae-and-freddie-mac-a-supertrustee/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Wed, 08 Feb 2012 04:44:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Poorsinner http://www.citizeneconomists.com/blogs/2008/09/26/congress-solution-to-aig-fannie-mae-and-freddie-mac-a-supertrustee/comment-page-1/#comment-2219 Poorsinner Wed, 22 Oct 2008 22:56:13 +0000 http://www.amateureconomists.com/blogs/?p=306#comment-2219 Joe a poor sinner writes: . Americans to stupid, to scared, to weak, to enforce the Laws to stop Financial Disaster. CEOs Fed Congress make statements they conspired took bribes and unjustly enrich them self. Corruption believe the few American that will demand Justice can be over looked or payed off. To many violation to count. Here Are 2. From CEOs Fed and Congress own mouth . 1] " Many parties are to blame" Law Dictionary; A conspiracy exist when the parties use legal means to accomplish an illegal result 2] "The Bail Out is Bribery" Encyclopedia; Any item of value to influence the actions of an official in discharge of a public or legal duty Solution ; Unjust Enrichment Knowledge is immaterial under the law of unjust enrichment Wed, 4 Jan 2006 17:23:00 -0500 Re: Unjustly enriched executive "Former HealthSouth Corp. chief executive officer Richard Scrushy has been ordered by a judge to repay his former company more than $47.8 million in bonuses, according to published reports. ... Judge Allwin E. Horn III of Jefferson County Circuit Court in Birmingham, who made the ruling as part of a summary judgment in a shareholder lawsuit, determined that Scrushy is not entitled to the payments whether or not he participated in the fraud or knew about the scheme." Prosecution evidence Fed lowers Interest to prop Fannie and Freddie 2001 to mid 2003 the Federal Reserve lowered its interest rates 13 times, from 6.25 to 1.00% overnight rate averaged 0.68% June 2004, the Federal Reserve System target interest rate continued to do so 17 straight times In March 2006, the Federal Reserve ceased to make public M3, arguably the most reliable means of measuring the money supply. Fed declared that the costs of collecting this data outweighed the benefits Here's the kicker The Fed needed to increase rates not lower them Quote". overnight overdrafts (more than three occurrences in any 12-month period), the overnight overdraft rate increases by one percentage point for each additional occurrence." American Demand Law Enforcement and Remove ,the Corrupt CEOs, Fed, Congress .Recover $500+B, Honor and make corruption look stupid. American have no choice but to take the Law in there own Hands or the corrupt have take control of America Rem; Congress did not fail they scammed, Rem; Congress had many red flags about the credit problem Use the war to decoy American focus Congress , Falsely accused, made statements of treason and stopped much funding to protect our Military. Congress disrespected the position they held to the point of treason. The rule ; one is judged on how they have judged then they need to go to prison for life and hell for eternity. Rem; Corrupt CEOs, Fed and Congress believe they are above the law and Americans to stupid, Joe a poor sinner writes:
.
Americans to stupid, to scared, to weak, to enforce the Laws to stop
Financial Disaster.
CEOs Fed Congress make statements they conspired took bribes and unjustly
enrich them self. Corruption believe the few American that will demand
Justice can be over looked or payed off. To many violation to count. Here
Are 2. From CEOs Fed and Congress own mouth
. 1] ” Many parties are to blame” Law Dictionary; A conspiracy exist when
the parties use legal means to accomplish an illegal result
2] “The Bail Out is Bribery” Encyclopedia; Any item of value to
influence the actions of an official in discharge of a public or legal duty

Solution ; Unjust Enrichment
Knowledge is immaterial under the law of unjust enrichment
Wed, 4 Jan 2006 17:23:00 -0500
Re: Unjustly enriched executive
“Former HealthSouth Corp. chief executive officer Richard Scrushy has been
ordered by a judge to repay his former company more than $47.8 million in
bonuses, according to published reports. … Judge Allwin E. Horn III of
Jefferson County Circuit Court in Birmingham, who made the ruling as part of
a summary judgment in a shareholder lawsuit, determined that Scrushy is not
entitled to the payments whether or not he participated in the fraud or knew
about the scheme.”
Prosecution evidence
Fed lowers Interest to prop Fannie and Freddie
2001 to mid 2003 the Federal Reserve lowered its interest rates 13 times,
from 6.25 to 1.00% overnight rate averaged 0.68% June 2004,
the Federal Reserve System target interest rate continued to do so 17
straight times
In March 2006, the Federal Reserve ceased to make public M3, arguably the
most reliable means of measuring the money supply.
Fed declared that the costs of collecting this data outweighed the benefits
Here’s the kicker
The Fed needed to increase rates not lower them
Quote”. overnight overdrafts (more than three occurrences in any 12-month
period), the overnight overdraft rate increases by one percentage point for
each additional occurrence.”
American Demand Law Enforcement and Remove ,the Corrupt CEOs, Fed,
Congress
.Recover $500+B, Honor and make corruption look stupid.
American have no choice but to take the Law in there own Hands or the
corrupt have take control of America
Rem; Congress did not fail they scammed,
Rem; Congress had many red flags about the credit problem
Use the war to decoy American focus
Congress , Falsely accused, made statements of treason and stopped much
funding to protect our Military.
Congress disrespected the position they held to the point of treason.
The rule ; one is judged on how they have judged then they need to go to
prison for life and hell for eternity.
Rem; Corrupt CEOs, Fed and Congress believe they are above the law and
Americans to stupid,

]]> By: J.D. Seagraves http://www.citizeneconomists.com/blogs/2008/09/26/congress-solution-to-aig-fannie-mae-and-freddie-mac-a-supertrustee/comment-page-1/#comment-1585 J.D. Seagraves Mon, 29 Sep 2008 05:52:13 +0000 http://www.amateureconomists.com/blogs/?p=306#comment-1585 If the government stood to "profit handsomely," then why doesn't some private interest step up and take on the role of profiting somewhat less handsomely? This is a theft from the citizenry of the United States. If the government stood to “profit handsomely,” then why doesn’t some private interest step up and take on the role of profiting somewhat less handsomely? This is a theft from the citizenry of the United States.

]]> By: J.D. Seagraves http://www.citizeneconomists.com/blogs/2008/09/26/congress-solution-to-aig-fannie-mae-and-freddie-mac-a-supertrustee/comment-page-1/#comment-1584 J.D. Seagraves Mon, 29 Sep 2008 05:51:03 +0000 http://www.amateureconomists.com/blogs/?p=306#comment-1584 A "loan" backed by the Fed's monopoly power on the creation of credit and money, and the Treasury's monopoly power to extort tax dollars (via gunpoint) from citizens and legal residents. A “loan” backed by the Fed’s monopoly power on the creation of credit and money, and the Treasury’s monopoly power to extort tax dollars (via gunpoint) from citizens and legal residents.

]]> By: Kerry Dunn http://www.citizeneconomists.com/blogs/2008/09/26/congress-solution-to-aig-fannie-mae-and-freddie-mac-a-supertrustee/comment-page-1/#comment-1521 Kerry Dunn Fri, 26 Sep 2008 20:41:18 +0000 http://www.amateureconomists.com/blogs/?p=306#comment-1521 You clearly have not read the deal the Fed cut with AIG if you are calling it a "bailout" and claiming that it "cost" $85 billion. It is a loan which approaches extortion and from which the government stands to profit handsomely. You clearly have not read the deal the Fed cut with AIG if you are calling it a “bailout” and claiming that it “cost” $85 billion. It is a loan which approaches extortion and from which the government stands to profit handsomely.

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