What the hell: How stealth banking bailout reached Obama’s desk

MichelleMalkin.com ^ | 10-7-10 | Michelle Malkin

[WOBBLY BOB]

“As a rule of thumb, Congressional legislation that is bipartisan is usually twice as bad as legislation that is partisan.” — Thomas Sowell

[GlockThe Vote]

Both parties are almost equally corrupt in terms of banking and wall street.

[FromLori]

I guess it really shouldn’t be a surprise after knowing how those banksters like goldman sachs, jp morgan, citi paid off obama and many of the senators. I personally have nothing to do with those banks I went to a local bank way back when this all started happening but it’s disturbing now because as a taxpayer we still have to foot the bill and a report came out just the other day there is a $29 billion loss again from the old bailout.

http://www.nytimes.com/2010/10/06/business/economy/06tarp.html

[maggief]

http://www.govtrack.us/congress/bill.xpd?bill=h111-3808&tab=committees

Apr 27, 2010: This bill passed in the House of Representatives by voice vote. A record of each representative’s position was not kept.

Sep 27, 2010: This bill passed in the Senate by Unanimous Consent. A record of each senator’s position was not kept.

http://www.govtrack.us/congress/bill.xpd?bill=h111-3808&tab=committees

The bill has been referred to the following committees:
House Judiciary
House Judiciary, Subcommittee on Courts and Competition Policy
Senate Judiciary

http://judiciary.senate.gov/about/members.cfm

* Jeff Sessions, Alabama, Ranking Member
* Orrin Hatch, Utah
* Chuck Grassley, Iowa
* Jon Kyl, Arizona
* Lindsey Graham, South Carolina
* John Cornyn, Texas
* Tom Coburn, Oklahoma

[kittymyrib]

No politician that voted for this theft of private property ought to be re-elected. Publish the list, please.

[Mr. Jeeves]

They’re fully willing to step-n-fetch for the bankers, just as the DNC is.

If they weren't, they would never be permitted to "win" an election.

[cripplecreek]

That they are.

[Aevery_Freeman]

I'll second that!

[Roccus]

VERY BIG, VERY IMPORTANT PING!!!

History of the bill

http://thomas.loc.gov/cgi-bin/bdquery/z?d111:H.R.3808:@@@X

[STARWISE]

Jeeeeeeze ...

Thanks a million, maggie.

Records of votes aren’t required ?

What hammer/threats were held over
the pubbie’s heads to procure this ?

Or .. were there any ? What’s the deal ?

[maggief]

Sponsor
Rep Aderholt, Robert B. [AL-4]-Republican (introduced 10/14/2009)
Co-Sponsors
Rep Braley, Bruce L. [IA-1] - 10/14/2009-Democrat
Rep Castle, Michael N. [DE] - 10/14/2009-Republican
Rep Davis, Artur [AL-7] - 10/14/2009- Democrat

[Roccus]

What’s the deal ?

They are POLITICIANS!!!!!

Politician n. - A four letter word spelled with ten letters.

[caseinpoint]

Correction: I stated a valid notary does not invalidate a fraudulent deal. I meant to write a valid notary does not validate a fraudulent deal. One can always prove fraud, no matter how valid the notaries.

[Texas Fossil]

It is an attempt to reduce the furor over the records “abuses” in the current mass forclosure mess.

Notary evidence? I am not sure how this is a big issue. Most notaries simply state that the person who signed is who he says he is and that they witnessed the signature and the date.

Almost anyone can decide to be a notary. Is this a serious issue? Depends if there is a financial interest in the transaction.

[VinL]

TF, CASE;

I don’t think people are necessarily upset with the substance of the bill. It’s the fact that in the face of recent allegations of fraud on the part of the financial industry- Dems and Pubs, by unanimous consent, stealthily, instantly legalize part of alleged fraud by federal fiat.

[cripplecreek]

Mike Castle?

Might explain the desperation of the RINOs to make sure he stayed in office.

[FromLori]

6.3 TRILLION we are on the hook for and this will ensure we get stuck paying for it and that figure was from last February I know for a fact that with all the foreclosures since it has skyrocketed since then and note this money was left out of the Federal Budget!

http://www.businessweek.com/news/2010-02-01/obama-keeps-fannie-freddie-off-u-s-budget-counts-dividends.html

[Texas Fossil]

instantly legalize part of alleged fraud by federal fiat.

I am certainly for prosecuting anyone who used "fraud" in the forclosure of homes. However if there is no "fraud" and the issue is recognition of a notary across state lines, that is another thing.

This may turn into a revenue enhancer for the legal profession and nothing of benefit will happen for those who were in forclosure. Is this a condemnation of interstate banking? Do you remember the discussion of that issue? Part of the problem of our time is that the institutions are so large as to be above accountability. Old Chinese proverb: "Today's problems were often yesterday's solutions."

[maggief]

“Mike Castle?”

Interesting, eh?

[cripplecreek]

Personaly I wonder if the surge of the tea party might not have triggered much of this mess because nobody knows if their corrupt congressman will be able to protect them any more.