106 page draft of the Bailout plan pdf file. READ IT.

[EvadingGrid]

Rescue bill released
Lawmakers unveil plan to enact historic bailout of nation's financial system.

http://money.cnn.com/2008/09/28/news/economy/Sunday_talks_bailout/index.htm?cnn=yes

[PaladinRoden]

It hasn't passed yet. They still got to vote on it.

[EvadingGrid]

It hasn't passed yet. They still got to vote on it.

Agreed

I was in such a hurry to get the news out onto the forum.

[plantop14]

In a few days we will, hopefully, get to see who the bought out cowards/traitors are in Congress! I guess now's the time to contact our U.S. Senators and Reps., it won't matter though, their allegiance is to the Illuminati!!!!

[EvadingGrid]

In a few days we will, hopefully, get to see who the bought out cowards/traitors are in Congress!

You speak the literal truth

[Neco]

Did they leave those little parts in there about unchecked, unreviewable executive power over the appropriations?  It is difficult to tell from the report.

[Freebird100]

 
Proposed Emergency Economic Stabilization Act of 2008   Sunday, September 28, 2008

10 Megabyte pdf - All 57 pages.

http://www.pyrabang.com/go/login/3274/new





 

[gEEk squad]

Proposed Emergency Economic Stabilization Act of 2008   Sunday, September 28, 2008

10 Megabyte pdf - All 57 pages.

http://www.pyrabang.com/go/login/3274/new

That appears to be missing many of the sections.

[AlexJrocks]

It hasn't passed yet. They still got to vote on it.

Agreed-this thing still has a LONG way to go. Most Republicans, as well as most conservative/moderate Democrats will likely be against the bill in the House. And with the Senate being razor thin b/w GOP/Dems, it's gonna be AWFULLY hard to get this passed there.

It's hilarious how the media is spinning this how Congress has "made a breakthrough".

[IridiumKEPfactor]

I bet the NSA and the ECHELON network is doing alot of over time work digging for data for blackmail intel on each member of congress that is against this bill.

[2Revolutions]

Copy of bill on rawstory. 

http://rawstory.com/images/other/bailoutbill-092808.pdf

Parts I found interesting

Paulson will have the power to designate financial institutional such as JP Morgan as a government agent

Excerpt from Bill:

Designating financial institutions as financial agents of the Federal Government, and such institutions shall perform all such reasonable duties
related to this Act as financial agents of the FederalGovernment as may be required

[PaladinRoden]

Sec. 1.3

"To provide authority and facilities the Secretary of Treasury can use to restore liquidity to the Financial System of the United Sates"

The review board includes the Secretary of Treasury, Chairman of the Federal Reserve, the Secretary of Housing and Urban Development. LOL

Sec. 107.

"the Secretary may waive specific provisions of the Federal Acquisition Regulation upon an urgent and compelling circumstances"
"

[2Revolutions]

More from the bill

EXTENT OF GUARANTEE.—Upon request of
a financial institution, the Secretary may guarantee the timely payment of principal of, and interest on, troubled assets in amounts not to exceed 100 percent of such payments. Such guarantee may be on such terms and conditions as are determined by the
Secretary, provided that such terms and conditions are consistent with the purposes of this Act.

[2Revolutions]

(c) SALE OF TROUBLED ASSETS.—The Secretary may, at any time, upon terms and conditions and at a
price determined by the Secretary, sell, or enter into securities loans, repurchase transactions, or other financial
transactions in regard to, any troubled asset purchased under this Act.

[kevlar442]

Agreed-this thing still has a LONG way to go. Most Republicans, as well as most conservative/moderate Democrats will likely be against the bill in the House. And with the Senate being razor thin b/w GOP/Dems, it's gonna be AWFULLY hard to get this passed there.

It's hilarious how the media is spinning this how Congress has "made a breakthrough".

Yeah, It's just to influence the market Monday in hopes that it doesnt plummet 500 pts again.  They shoveled it just the same way last Thursday.

[thadividedsky]

I think the over seas markets are having a negative reaction. The hang seng is declining at a steep rate right now, down 390 points. The Nikkei index is up 55 points, but is on a steep decline as well. The markets could be in the beginning stage of offloading stocks and dollar assets. Im wondering how the money-market funds, commodities and govt. bonds will react to the sudden decline. I pray this bill does not pass, but realisticly it'll get passed and will only be a jab in the side of a quickley awakening public who is very very angry about their wallets being touched by the rich and powerful. The NWO just may "Awaken a sleeping beast" by slapping the sleeping masses across the face with the stinkin carcass of this $700 billion dollar shakedown by the federal mafia. LONG LIVE THE REPUBLIC, WE are NOT your SLAVES.

[Nailer]

http://money.cnn.com/2008/09/28/news/pdf/index.htm

SEPTEMBER 28, 2008
110TH CONGRESS
2D SESSION H. R. ll
To provide authority for the Federal Government to purchase certain types
of troubled assets for the purposes of providing stability to and preventing
disruption in the economy and financial system and protecting
taxpayers, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
Ml. llllll introduced the following bill; which was referred to the
Committee on llllllllllllll
A BILL
To provide authority for the Federal Government to purchase
certain types of troubled assets for the purposes of providing
stability to and preventing disruption in the economy
and financial system and protecting taxpayers, and
for other purposes.
1 Be it enacted by the Senate and House of Representa2
tives of the United States of America in Congress assembled,
3 SECTION

[mike E. dangerously]

Of course this will pass Congress and be signed into law by Bush their major contributers are in trouble and that's more important then our rights.

[Nailer]

http://money.cnn.com/2008/09/28/news/pdf/index.htm

SEPTEMBER 28, 2008
110TH CONGRESS
2D SESSION H. R. ll
To provide authority for the Federal Government to purchase certain types
of troubled assets for the purposes of providing stability to and preventing
disruption in the economy and financial system and protecting
taxpayers, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
Ml. llllll introduced the following bill; which was referred to the
Committee on llllllllllllll
A BILL
To provide authority for the Federal Government to purchase
certain types of troubled assets for the purposes of providing
stability to and preventing disruption in the economy
and financial system and protecting taxpayers, and
for other purposes.
1 Be it enacted by the Senate and House of Representa2
tives of the United States of America in Congress assembled,
3 SECTION

update..




i can keep it short for you--


5 votes (3 fed 1 from senate 1 from house,on all matters)

(so they maintain,control of votes)

90% of all over site is trying to be edited for possible deletion.??]

(you will see.

all reports must be made on monday of every week.

Independent reporting(by office) is is assign by presidential mandate.(It is an actual office (person) that reports directly to the preisident.)

Updates to dollar amount must be made again by presidential mandate-- and have 15 day to report.
(so they can push all 700 billion withing 15 days)

they make a big to-do about maintaining people in their houses.. reassigning loan standards rate of interest -VALUE on homes and lending schedules even putting off loans altogether-until a resolution can be found that you will agree to.


but what is really happening is banks that buy other banks do not have to report if they do not access the funds.

For example--If JP Morgan takes over WaMu... only Wamu has to report.


You will se a rash of FORCE foreclosures---so the banks can steal Fed assets-- sell them for 65% and the re buy them for 20% of value.


It is a ponzi scheme.

--------------------------------------------------------


Last of the bill is ala bout labeling banks if they can Use FIDC labeling-- I wish someone would explain it to me-- maybe they are removing the ability for small local banks to become insured---..

(my wife said that would include a lot of credit unions)


I hope this helps.


Whoops forgot to include that all auto loans are included- and other (immaterial assets, whatever that means)...




There is also one ---last stop gap measure in place comprised of 9 people but that also is controled by 5 votes.

3 by the fed- 2 by oversight watchers assigned by the president and 4 (2+2)votes from both houses of congress...


This is actually-- dare I say--East India Trading Company Protocol.

Maintain controlling votes.

[EchelonMonitor]

You can get the latest copy at:  http://speaker.gov/

Current direct link at this writing:  http://financialservices.house.gov/essa/ayo08c04_xml.pdf but this will be changed so go to speaker.gov to get the link to the latest copy.

The most interesting provision to me:  all transactions under the bill are to be made public within 48 hours, and Pelosi has promised that means online.  Paulson must have had a sleepless night over that one--it will make it a lot harder to funnel taxpayer money to his buddies unseen.

And when they pay too high a price for the debt instruments, it will be there in print for everyone to see.

However, I'm sure Wallstreet lawyers will have no trouble figuring out ways to get around many of the bill's provisions, especially those covering executive salaries and golden parachutes.

[jaycee]

http://www.youtube.com/watch?v=lsC2k9opOP0

[JonTheSavage]

They are voting.

We're f**ked.

[Dig]

They are voting.

We're f**ked.

not yet, they are debating

[EchelonMonitor]

http://www.youtube.com/watch?v=lsC2k9opOP0

Yes, Karl Denninger has some proposals which sound like they will work if implemented instead of the bailout.

http://market-ticker.denninger.net/

Paulson's buddies want the bailout so they don't have to suffer for their mistakes.

[limitgov]

I don't mean, what do all 110 pages say.
I mean, what are the details regarding how AIG will be bailed out?
Does anyone actually care to know?

Is the bill proposing to appropriate the money?
Or is it proposing to issue new printed money?
Or from someone else?

[EvadingGrid]

The orginal 3 page had a

Sec. 8

With Dictatorial Powers, the new version apparently has another version, with oversight by appointment from The Fed Res people providing oversight and protection .

[CaptBebops]

The original bill was 3 pages of plain English.  Most people could understand it.  This 110 page document has become shark infested as if written in code. 

[Dig]

They will try again Thursday, call your congressmen.  Know how they voted.  This is important!

The world markets rebounded and the Dow has rebounded.


THIS IS A SCAM!!!

[John Gault]

This all drama so these congressmen can say to their constituents we fought for the best bill, now your 401K plan is safe and your house is safe. Of course I am pointing out the cynical view, but I have not trusted our government for a long time. I would be shocked if they continue to vote this down.

Sane, I for one will be all over my congress rep, she will not have a moment of piece. We have to continue to fight this evil that is engulfing our government. If we do not fight this now and defeat it, we will be fighting in the streets against our fellow man. Bush has attacked for 8 years, this is just the beginning of a ramp up. We have the 2 worst candidates for president I have ever seen. These 2 have the worst voting record against the American people, they have their own agenda. They will tell you how to feel and you better keep your mouth shut about it. Never stop fighting this evil, we can not rest now. This fight will be going on for years, so just be ready. I anticipate bill after bill taking away our rights, due diligence will be our mantra.

 Thank you to all who posted the bailout bill. What other forum would have a bill already posted before congress voted on it. Give yourselves a pat on the back for a job well done.

[EvadingGrid]

Read it HERE !

[Dig]

This all drama so these congressmen can say to their constituents we fought for the best bill, now your 401K plan is safe and your house is safe. Of course I am pointing out the cynical view, but I have not trusted our government for a long time. I would be shocked if they continue to vote this down.

Sane, I for one will be all over my congress rep, she will not have a moment of piece. We have to continue to fight this evil that is engulfing our government. If we do not fight this now and defeat it, we will be fighting in the streets against our fellow man. Bush has attacked for 8 years, this is just the beginning of a ramp up. We have the 2 worst candidates for president I have ever seen. These 2 have the worst voting record against the American people, they have their own agenda. They will tell you how to feel and you better keep your mouth shut about it. Never stop fighting this evil, we can not rest now. This fight will be going on for years, so just be ready. I anticipate bill after bill taking away our rights, due diligence will be our mantra.

 Thank you to all who posted the bailout bill. What other forum would have a bill already posted before congress voted on it. Give yourselves a pat on the back for a job well done.

Words of wisdom as always

[Dig]

This is actually-- dare I say--East India Trading Company Protocol.

that says it all...

Coleman

Council of 300

[John Gault]

I received this in an email from a friend who belongs to We The People and they sent this message out.

September 30, 2008

USDC Order Obstructing Bailout Block Lawsuit
Appealed to U.S. Court of Appeals

An emergency appeal challenging a ruling by the U.S. District Court in Albany denying two requests for emergency injunctions to halt the Wall Street bailouts was filed today in the U.S. Court of Appeals for the Second Circuit in Manhattan. As the bailout crisis evolved rapidly over the last ten days, We The People Foundation Chairman Bob Schulz filed two lawsuits seeking to block the bailouts by challenging the underlying authority of the Government. 

The appeal seeks to overturn a ruling late last week by the District Court gutting requests for an emergency hearing at which representatives of the U.S. Treasury, Federal Reserve and U.S. Congress would have been forced to publicly produce evidence establishing the Constitutional and/or statutory authority permitting the AIG and $700 billion bailout packages.

Without addressing the underlying issues, the District Court (erroneously) ruled that the lawsuits failed to properly assert the federal jurisdiction needed to issue a Temporary Restraining Order (TRO).

Key to both lawsuits is WTP's assertion that Congress lacks any Constitutional authority to delegate any power to Treasury to utilize public taxpayer funds for fundamentally private purposes. In the first lawsuit filed September 18th, WTP sought to enjoin the $85 billion bailout of privately owned insurer American Insurance Group (AIG), which was initiated without any Congressional authorization whatsoever.

[agentbluescreen]

The Kitchen Sink Act of 2008 may also be reviewed at:

http://graphics8.nytimes.com/images/blogs/dealbook/senate_bailout.pdf


So basically

• wealthy savers can now carry around 1/3 fewer Interac Cards,
• private for profit Disease Service Funding Casino's (aka 'health insurers') and Disease Repair Providers (aka 'HMO's) are screwed
• long overdue and much warranted American need for psychiatric care is now mandated,
• Alternative minimum tax guillotining gets delayed a bit for a few taxpayers
• And instead of every American getting $3,500,000 a head, that money will be given to Goldman's-Sacks
• in 5 years someone may look into what happened to it -- IF a wild Arab doesn't crash a plane into the Treasury building

and .....  -all you deadbeats still loose your slums...

Now this little TARbaby is what I call Stalinist!

[agentbluescreen]

Other than ROYALLY pissing off the disease for profit industry, it appears that unfortunate NWO CEO's at American banks get whacked on BOTH compensation and parachutes while foreign banksters get the bailouts and none of the above!

So maybe they will just fire-sale all their CRAP PAPER to Mexican banksters who can redeem it back to Paulson for full value

SWEET!

[agentbluescreen]

Shouldn't there be something in here to fund the erection of a few new corner pillars under that Citibank building in case they have an office fire?

Or at least money for pumps to bail the water out in case they need to use the sprinklers?

[agentbluescreen]

. I would be shocked if they continue to vote this down.

Sane, I for one will be all over my congress rep, she will not have a moment of peace. We have to continue to fight this evil that is engulfing our government. If we do not fight this now and defeat it, we will be fighting in the streets against our fellow man. Bush has attacked for 8 years, this is just the beginning of a ramp up. We have the 2 worst candidates for president I have ever seen. These 2 have the worst voting record against the American people, they have their own agenda. They will tell you how to feel and you better keep your mouth shut about it. Never stop fighting this evil, we can not rest now. This fight will be going on for years, so just be ready. I anticipate bill after bill taking away our rights, due diligence will be our mantra.

Well they added in enough expensive new bureaucracy and regulatory mumbo-jumbo to create an entire new TARbaby branch of government big and complex enough to run a country the size of Iraq...

Gee Free Trade and donating $4.5 million dollars per US citizen ( the OTHER FREE $trillion they squandered to protect us from Al CIAda) to the support of the loyal, stalwart and ever-vigilant invulnerable Pentagon standing army cashcow-milking cabal sure has a hefty pricetag....