CNBC Says The U.S. Government Will PASS A LAW THAT WILL LEGALIZE ALL THE FRAUD OF THE BANKS RETROACTIVELY - BANKS WILL BE PROTECTED - PEOPLE WILL BE SCREWED! The Fraud WILL BE SANCTIONED BY THE POLITICIANS!
|
|
|||||
|
7 votes
|
|
88% | |||
|
1 vote
|
|
13% | |||
I am calming myself as I write this! BUT, CNBC has an article saying the
Congress, U.S. Government WILL PASS A LAW TO SANCTION THE FRAUD! As CNBC puts
it.....
Because the politicians will not let the financial stability of the largest
bank in the nation be threatened by contractual rights. Not when there’s an easy
fix available that won’t cost taxpayers a dime.
Here’s what is going to happen: Congress will pass a law called something
like “The Financial Modernization and Stability Act of 2010” that will
retroactively grant mortgage pools the rights in the underlying mortgages that
people are worried about. All the screwed up paperwork, lost notes, unassigned
security interests will be forgiven by a legislative act.
"I hate being right all the time!" -- Dr. Ian Malcolm, Jurassic
Park
I hate to say I told you so (actually, I rather like it), but I
did predict at this site and on the radio show that the US Government would
respond to this gang-bang of the people by the bankers by legalizing gang-rape
if the rapists have a net worth above a hundred million dollars. Just one of the
perks of living in a fascist economy, you know
Top Opinion
-
comment
+3Again the dopes in Washington will hekp the banks that put us inthe depression, Again is Obama really helping the people?
However, the story is legit that CNBC did say this and here's a quote from one of the sites that actually did offer the written statement
Quote
Here’s what is going to happen: Congress will pass a law called something like “The Financial Modernization and Stability Act of 2010” that will retroactively grant mortgage pools the rights in the underlying mortgages that people are worried about. All the screwed up paperwork, lost notes, unassigned security interests will be forgiven by a legislative act....
The [foreclosure] crisis is not driven by economics. It is driven by legal rights. And there’s simply zero probability that the politicians in Washington are going to let Bank of America or Citigroup or JP Morgan Chase fail because of a legal issue.
End Quote
John Carney of CNBC is the source and he further states
Quote
Carney predicts that the lame-duck session of Congress following this November's elections will pass the law. "Every member of Congress ... who has been voted out of office will cast a vote for the bill. And the President will sign it."
End Quote
http://www.rawstory.com/rs/20...
For any doubting the story's validity, a Google search wil...
However, the story is legit that CNBC did say this and here's a quote from one of the sites that actually did offer the written statement
Quote
Here’s what is going to happen: Congress will pass a law called something like “The Financial Modernization and Stability Act of 2010” that will retroactively grant mortgage pools the rights in the underlying mortgages that people are worried about. All the screwed up paperwork, lost notes, unassigned security interests will be forgiven by a legislative act....
The [foreclosure] crisis is not driven by economics. It is driven by legal rights. And there’s simply zero probability that the politicians in Washington are going to let Bank of America or Citigroup or JP Morgan Chase fail because of a legal issue.
End Quote
John Carney of CNBC is the source and he further states
Quote
Carney predicts that the lame-duck session of Congress following this November's elections will pass the law. "Every member of Congress ... who has been voted out of office will cast a vote for the bill. And the President will sign it."
End Quote
http://www.rawstory.com/rs/20...
For any doubting the story's validity, a Google search will in fact bring it up on numerous sites across party lines where bloggers and reporters from all walks of life are condemning this prediction... but oddly enough, because everyone thinks it's true that Obama will pull this stunt. Even many of his supporters are shocked it seems but as usual, many of their readers think this is BS and an attack on Obama even though it seems to have come to CNBC through inside sources and being a leftwing network... it's very unlikely they would allow this unless it were considered the truth and some people over there are taking it upon themselves to get the word out feeling betrayed.
I can only speculate but an internet search does reveal that this is not thought to be a fake story and that the sources are in fact trustworthy.
N.W.O
http://www.sodahead.com/unite...