File This: About Auto Bailouts

[Annie]

No more federal bucks planned for GM, Chrysler - Yahoo! News

No more federal bucks planned for GM, Chrysler

By KEN THOMAS, Associated Press Writer
43 mins ago

WASHINGTON – President Barack Obama's auto task force, defending its work to rescue General Motors and Chrysler, told skeptical lawmakers Wednesday the administration acted to prevent liquidation and massive job losses. The government has no plans to throw any more money at the automakers, and there are "reasonable scenarios" where taxpayers might get most or all of their money back, a senior adviser to the task force said.

Ron Bloom said the car companies faced "uncontrolled bankruptcies and almost certain liquidation" that would have caused "substantial job loss with a ripple effect throughout our entire economy."...

Like the banks, we the taxpayers can kiss all the money goodbye.

 

[WillowTree]

lessseee obamalama.. the shareholds held the preferred stock,,,kicked to the curb


lessee obamalama the pension funds held preferred stock kicked to the curb

wh got shafted for no reason?? the dealers.

who got the preferred stock?,,, uaw.. fuck Gettlefinger Motors

 

[STAND4LIBERTY]

Like the banks, we the taxpayers can kiss all the money goodbye.

It's even worse .... this statement
"told skeptical lawmakers Wednesday the administration acted to prevent liquidation and massive job losses."

Really means:

"We acted to avoid short term pain (because that'll cost us votes in the next election) and ignored the fact that it will cause even larger long term problems for the Nations Economic Health."

Same old song and dance, focus on the short term screw the long term, because in the long term they'll already be long gone from office and nobody will remember the problems were their fault.

 

[Annie]

Like the banks, we the taxpayers can kiss all the money goodbye.

It's even worse .... this statement
"told skeptical lawmakers Wednesday the administration acted to prevent liquidation and massive job losses."

Really means:

"We acted to avoid short term pain (because that'll cost us votes in the next election) and ignored the fact that it will cause even larger long term problems for the Nations Economic Health."

Same old song and dance, focus on the short term screw the long term, because in the long term they'll already be long gone from office and nobody will remember the problems were their fault.

Yep. They forced the TARP money on banks that didn't need it. Then railed them over the coals for behavior that was in line for their purposes. Now will take the money back, with interest claiming gains, to divert to the next bailout or project, ala health care.

Bottomless pits all.

 

[Navy1960]

I'm sorry did I miss something here, don't we have Bankruptcy Courts here in this country? If that was the reason, then I can think if several hundred thousand people at Texaco, WorldCom, and Enron that would be pretty upset right about now. Roger Penske provided a really good model for what should have been done with GM from the beginning with his recent purchase of Saturn and this model would have worked well for Chrysler. I wonder if they ever gave consideration to the fact if these car companies were not there a void would have been created and someone would have stepped into fill the void thus creating jobs to fill it? I guess that was sort of overlooked in rewarding one of the parties that contributed to GM and Chryslers demise and telling the bond holders to take a hike.

 

[007]

It's all part of the Federal Reserves plans to take over everything in America.

Who is the Federal Reserve? Why is called the Federal Reserve when it's no more "federal" than Federal Express? Who oversees what they do? No one. It's scary.

 

[Nik]

No more federal bucks planned for GM, Chrysler - Yahoo! News

No more federal bucks planned for GM, Chrysler

By KEN THOMAS, Associated Press Writer
43 mins ago

WASHINGTON – President Barack Obama's auto task force, defending its work to rescue General Motors and Chrysler, told skeptical lawmakers Wednesday the administration acted to prevent liquidation and massive job losses. The government has no plans to throw any more money at the automakers, and there are "reasonable scenarios" where taxpayers might get most or all of their money back, a senior adviser to the task force said.

Ron Bloom said the car companies faced "uncontrolled bankruptcies and almost certain liquidation" that would have caused "substantial job loss with a ripple effect throughout our entire economy."...

Like the banks, we the taxpayers can kiss all the money goodbye.

Actually many of the banks are repaying the TARP funds...with interest. The government is making a profit on some of it.

 

[Annie]

No more federal bucks planned for GM, Chrysler - Yahoo! News

No more federal bucks planned for GM, Chrysler

By KEN THOMAS, Associated Press Writer
43 mins ago

WASHINGTON – President Barack Obama's auto task force, defending its work to rescue General Motors and Chrysler, told skeptical lawmakers Wednesday the administration acted to prevent liquidation and massive job losses. The government has no plans to throw any more money at the automakers, and there are "reasonable scenarios" where taxpayers might get most or all of their money back, a senior adviser to the task force said.

Ron Bloom said the car companies faced "uncontrolled bankruptcies and almost certain liquidation" that would have caused "substantial job loss with a ripple effect throughout our entire economy."...

Like the banks, we the taxpayers can kiss all the money goodbye.

Actually many of the banks are repaying the TARP funds...with interest. The government is making a profit on some of it.

and the fed is doing what with that? lol! You are the tool.

 

[007]

No more federal bucks planned for GM, Chrysler - Yahoo! News

Like the banks, we the taxpayers can kiss all the money goodbye.

Actually many of the banks are repaying the TARP funds...with interest. The government is making a profit on some of it.

and the fed is doing what with that? lol! You are the tool.

THE FEDERAL RESERVE IS A PRIVATELY OWNED CORPORATION

Through the Federal Reserve Banking System, Americans Have Been Deceived and Stolen From by a Private, Elitist Banking Cabal.

What is the Federal Reserve, otherwise known as the Fed?

The short answer to this question is that it's a privately owned corporation and its ownership has control over all things that deal with money.

This is a pretty bold statement and completely flies in the face of everything you were taught in school regarding the Fed.

It is, however, the truth.

The average person doesn't understand the danger that lies within our monetary system.

It's something all Americans need to be educated on before the Fed vultures destroy any semblance of a "free" society we still appear to have.

Let's find out what America's corrupt central bank is all about...

CENTRAL BANK FORMED IN SECRECY

We need to go back to the year 1913. In this year President Woodrow Wilson signed the Federal Reserve Act.

Three years prior to this signing, in 1910, a group of devious men had a meeting.

This is when Senator Nelson Aldrich, A. Piatt Andrew, Assistant Secretary of the Treasury, and Special Assistant of the National Monetary Commission; Frank Vanderlip, president of the National City Bank of New York, Henry P. Davison, senior partner of J.P. Morgan Company, and generally regarded as Morgan's personal emissary; and Charles D. Norton, president of the Morgan-dominated First National Bank of New York held the infamous Jekyll Island meeting.

"Picture a party of the nation's greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily heading hundreds of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance."
- Secrets of the Federal Reserve

It was all done in secrecy because this banking cabal knew it was pulling off an illegal heist of the American people's wealth.

It's important to note Woodrow Wilson's realization of what he'd been led to do by the powerful bankers:

"I am a most unhappy man. I have unwittingly ruined my country... Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men.

We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
- Woodrow Wilson

THE FED IS A PRIVATE COMPANY

Who makes up this "small group of dominant men" Woodrow Wilson speaks of? Before we answer that question, let's first offer proof that the Fed is indeed a private corporation.

The Fed Bank court ruling of LEWIS v. UNITED STATES, 680 F.2d 1239 (1982) helps illustrate how Americans have been fooled into believing that the Fed is strictly a government entity.

"Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the (Fed) Banks are not federal instrumentalities for purpose of the FTCA, but are independent, privately owned and locally controlled corporations.

Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors. The remaining three directors are appointed by the Federal Reserve Board. The (Fed) Board regulates the (Fed) Banks, but direct supervision and control of each Bank is exercised by its board of directors."

FED OWNERSHIP REVEALED

Let's take a look at how the ownership of this fraudulent central bank reveals powerful families like the Rockefellers and Rothschilds.

* Rothschild Banks of London and Berlin
* Lazard Brothers Bank of Paris
* Israel Moses Sieff Banks of Italy
* Warburg Bank of Hamburg, Germany and Amsterdam
* Kuhn Loeb Bank of New York
* Lehman Brothers Bank of New York
* Goldman Sachs Bank of New York
* Chase Manhattan Bank of New York (Controlled by the Rockefeller Family Tree)

SENATOR LOUIS T. MCFADDEN DISCUSSES THE CENTRAL BANK FRAUD

In the 1930's, a true American Patriot, Senator Louis T. McFadden added additional insight into how private bankers have hijacked America through its monetary system:

"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed.

The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed have cost enough money to pay the National debt several times over.

This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government.

Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender."

For the full transcript of Senator Louis T. McFadden's tirade against the Fed, read our Federal Reserve Fraud page.

CREATING FINANCIAL SLAVES

Taking the ability to create money out of the hands of government and into the hands of a few private bankers has three negative points: enslaving the public in a whirlwind of taxes, inflation, and debt payments.

The Fed System has forced the American government to borrow all money into existence. The private Fed just prints up Federal Reserve Notes and the government gives it bonds in return. Now, the government owes the private ownership of this corrupt central bank the face value of the bonds, plus interest.

This is a system where money is counterfeited (by the Fed) and then a debtor (American taxpayer) must pay that money back with interest.

This debt is impossible to pay off. If, for example, the government borrows $1 million, how do they pay back the $1 million plus interest when they only have the $1 million to work with? The interest was never created in this system. This means the debt can never be paid back.

Through your taxes, debt, and inflation, you've been turned into a financial slave.

Isn't it time all Americans understand the fraud that is the Federal Reserve?

Return from Federal Reserve to Truth-It.net

Learn more...

 

[STAND4LIBERTY]

Who is the Federal Reserve? Why is called the Federal Reserve when it's no more "federal" than Federal Express? Who oversees what they do? No one. It's scary.

All the more reason to write your representative and demand that they co-sponsor Ron Paul's "Audit the Fed" legislation HR1207, already 207 co-sponsors and growing ... link for more info. below:

Audit the Federal Reserve!​

 

[007]

Who is the Federal Reserve? Why is called the Federal Reserve when it's no more "federal" than Federal Express? Who oversees what they do? No one. It's scary.

All the more reason to write your representative and demand that they co-sponsor Ron Paul's "Audit the Fed" legislation HR1207, already 207 co-sponsors and growing ... link for more info. below:

Audit the Federal Reserve!​

Already done pard...

I planned on voting for RP, but then we got that RINO mclame, so I didn't vote at all.

 

[STAND4LIBERTY]

Already done pard...

Well done , it looks like this legislation has a really good chance to pass in the house which will be a victory for the good guys (for a change).

 

[Zoom-boing]

I have a confusion on the Fed. According to this, the Fed is audited annually.

The Board funds its operations by assessing the Federal Reserve Banks rather than through Congressional appropriation. Its financial accounts are audited annually by a public accounting firm, and these accounts are also subject to audit by the General Accounting Office.

Also it was my understanding the the Fed is a mix of both private and public elements.

The Federal Reserve System was created by the Federal Reserve Act in 1913 and began operating in 1914. The Fed is an unusual mixture of public and private elements.

Federal Reserve Education

 

[STAND4LIBERTY]

I have a confusion on the Fed. According to this, the Fed is audited annually.

Only in very specific and VERY limited areas, none of the really important Fed functions (like policy decisions, international agreements) are subject to external audits.

 

[Sweet Willy]

No more federal bucks planned for GM, Chrysler - Yahoo! News



Like the banks, we the taxpayers can kiss all the money goodbye.

Actually many of the banks are repaying the TARP funds...with interest. The government is making a profit on some of it.

and the fed is doing what with that? lol! You are the tool.

This is foolish crap. The banks are repaying TARP to the Treasury. There was all kinds of nonsense in the news about the government refusing to take the money back. That's bullshit. There has already been somewhere around 100 billion repaid. Of course, if the banks had not been regulated to keep them from giving the cash to their executives in bonus money, you can bet your bottom dollar, none of it would would have been repaid.

These republicans can't acknowledge a success when they see it. Thanks to just a few regualtions, this money has been repaid. Regulations that merely required failing banks not to use TARP funds to pay millions of dollars to the very people who caused the mess to begin with.

They cried foul when the money was sent out. They cried foul about executive bonuses. They cried foul about limiting executive bonuses. They cry foul when the money is returned.

They're just foul people.