Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Another Obama Executive Order Allows Seizure of Americans' Bank Accounts
The New America ^ | 10/12/12 | Bob Adelmann

Posted on 10/13/2012 9:09:25 PM PDT by Nachum

The latest executive order (EO) emanating from the White House October 9 now claims the power to freeze all bank accounts and stop any related financial transactions that a “sanctioned person” may own or try to perform — all in the name of “Iran Sanctions.”

Titled an “Executive Order from the President regarding Authorizing the Implementation of Certain Sanctions…” the order says that if an individual is declared by the president, the secretary of state, or the secretary of the treasury to be a “sanctioned person,” he (or she) will be unable to obtain access to his accounts, will be unable to process any loans (or make them), or move them to any other financial institution inside or outside the United States. In other words, his financial resources will have successfully been completely frozen. The EO expands its authority by making him unable to use any third party such as “a partnership, association, trust, joint venture, corporation, subgroup or other organization” that might wish to help him or allow him to obtain access to his funds.

And if the individual so “sanctioned” decides that the ruling is unfair, he isn't allowed to sue. In two words, the individual has successfully been robbed blind.

But it’s all very legal. The EO says the president has his “vested authority” to issue it, and then references endless previous EOs, including one dating back to 1995 which declared a “state of emergency” (which hasn’t been lifted): Executive Order 12957.

EO 12957 was issued by President Bill Clinton on March 15, 1995, which was also obliquely related to the Iran “problem”:

I, William J. Clinton, President of the United States of America, find that the actions and policies of the Government of Iran to constitute an unusual and extraordinary threat to the national security

(Excerpt) Read more at thenewamerican.com ...


TOPICS: News/Current Events
KEYWORDS: bank; bankaccount; bankaccounts; executive; obama; order; seizebankaccount
How grand.
1 posted on 10/13/2012 9:09:35 PM PDT by Nachum
[ Post Reply | Private Reply | View Replies]

To: Nachum

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 10/13/2012 9:10:10 PM PDT by Nachum (The List was hacked- www.nachumlist.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

What the heck does this mean in plain English?


3 posted on 10/13/2012 9:15:36 PM PDT by doc1019
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Similar EO dating to 1995? Seems we had another president since then that could have reversed this. Hmmm, all well.

What makes anyone think that electing a liberal to office is going to change anything?

The next election is not about liberal and conservative. Its about liberal and liberaler. What a joke.


4 posted on 10/13/2012 9:18:09 PM PDT by pennyfarmer (Romney is a cresent wrench when you need a hammer. Sure it might work, but do you want to chance it?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

3 more months and President Romney can order all of obamma’s EO’s null and void.


5 posted on 10/13/2012 9:20:48 PM PDT by rawhide
[ Post Reply | Private Reply | To 1 | View Replies]

To: doc1019

If Obama wants to freeze your account, all he has to do is to name you a “sanctioned” person. They’ll tell you it has to do with moving money from your account to overseas for terrorist purposes.

Maybe it can also be used to keep people from parking their money in Canada or some other nation as the destruction of the dollar continues. Twofer.


6 posted on 10/13/2012 9:22:37 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: doc1019

“What the heck does this mean in plain English?”

It means that the government can raid your or my bank account anytime they please for any reason they please.


7 posted on 10/13/2012 9:22:52 PM PDT by Nachum (The List was hacked- www.nachumlist.com)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Nachum

Its already written into Obamacare.


8 posted on 10/13/2012 9:24:55 PM PDT by ObozoMustGo2012
[ Post Reply | Private Reply | To 7 | View Replies]

To: Nachum

ladies and gentlemen this concludes the takeover of American banks. I’d recommend a little stashed cash on hand for that proverbial rainy day a’comin’ should Zero “win” the election.


9 posted on 10/13/2012 9:26:43 PM PDT by blueplum
[ Post Reply | Private Reply | To 1 | View Replies]

To: ObozoMustGo2012

bttt


10 posted on 10/13/2012 9:30:28 PM PDT by ConservativeMan55
[ Post Reply | Private Reply | To 8 | View Replies]

To: Nachum
“sanctioned person”

Anyone know what the definiation of "sanctioned person" may be?

11 posted on 10/13/2012 9:41:16 PM PDT by annieokie (O)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rawhide
3 more months and President Romney can order all of obamma’s EO’s null and void.

Is anyone worried about the potential of a "scorched earth" departure?

12 posted on 10/13/2012 9:41:44 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
[ Post Reply | Private Reply | To 5 | View Replies]

To: annieokie
Anyone know what the definition of "sanctioned person" may be?

Anyone they dislike. :(

13 posted on 10/13/2012 9:42:46 PM PDT by Nachum (The List was hacked- www.nachumlist.com)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Nachum

Wow. I’m not holding my breath for the Republicans or the ACLU raising a stink about this.


14 posted on 10/13/2012 9:50:12 PM PDT by winner3000
[ Post Reply | Private Reply | To 13 | View Replies]

To: Nachum

Iran today, contribute to TEA tomorrow. Stroke of a pen.


15 posted on 10/13/2012 9:55:31 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Nachum

Ping


16 posted on 10/13/2012 9:59:33 PM PDT by Sleeping Freeper
[ Post Reply | Private Reply | To 2 | View Replies]

To: Nachum

How didi we know that this was coming.

We must, must, must un-elect this man — turning into a villain, isn’t he?


17 posted on 10/13/2012 10:00:05 PM PDT by Salvation ("With God all things are possible." Matthew 19:26)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Given your scenario, forget emptying out your accounts.

New $100 bills coming out next year could - again, by the stroke of the pen - make your stash useless.


18 posted on 10/13/2012 10:05:25 PM PDT by Roccus
[ Post Reply | Private Reply | To 1 | View Replies]

To: Salvation

We must unelect congresspersons that standby and let such an EO go unchallenged. Obama and his enablers are not governing but instead confiscating under color of office.


19 posted on 10/13/2012 10:06:43 PM PDT by noinfringers2
[ Post Reply | Private Reply | To 17 | View Replies]

To: Seaplaner
Pretty definite, imho, obamma will do some controversial stuff. Too many paybacks he owes!
20 posted on 10/13/2012 10:08:39 PM PDT by rawhide
[ Post Reply | Private Reply | To 12 | View Replies]

To: Nachum

21 posted on 10/13/2012 10:16:58 PM PDT by timestax (Why not drug tests for the President AND all White Hut staff ? ? ?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lonevoice

ping


22 posted on 10/13/2012 10:34:20 PM PDT by Pride in the USA (With Romney - Ryan you get change back.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

bttt


23 posted on 10/13/2012 10:37:05 PM PDT by Bradís Gramma (PRAY for this country like your life depends on it......because it DOES!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: annieokie

You, FReeper.


24 posted on 10/13/2012 11:11:42 PM PDT by Eagles6 (DNC 2012 Convention: Celebrating infanticide and sodomy. Denying God.What could possibly go wrong?)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Nachum


25 posted on 10/14/2012 1:03:25 AM PDT by Bon mots (Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Romney will have to recall ALL of bambi’s EO’s


26 posted on 10/14/2012 3:08:01 AM PDT by The Wizard (Madam President is my President now and in the future)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum
But it’s all very legal.

ROFLMAO!

According to them, maybe.

According to the Original Intent of the Constitution, however, it's treason.

In the United States of America the people have retained the sovereignty in their own hands: they have in each state distributed the government, or administrative authority of the state, into two distinct branches, internal, and external; the former of these, they have confided, with some few exceptions, to the state government; the latter to the federal government.

Since the union of the sovereignty with the government, constitutes a state of absolute power, or tyranny, over the people, every attempt to effect such an union is treason against the sovereignty, in the actors; and every extension of the administrative authority beyond its just constitutional limits, is absolutely an act of usurpation in the government, of that sovereignty, which the people have reserved to themselves.
Preliminary Remarks, St. George Tucker, View of the Constitution

------

That's right, boys and girls. Despite what we've all been taught, treason is NOT an action against government..... it's ANY attempt by the administrative organ known as the federal government to make laws that affect the people.

27 posted on 10/14/2012 3:40:18 AM PDT by MamaTexan (I am a Person as Created by the Laws of Nature, not a person as created by the laws of Man)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rawhide

He could but probably won’t


28 posted on 10/14/2012 6:40:54 AM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
[ Post Reply | Private Reply | To 5 | View Replies]

sfl


29 posted on 10/14/2012 6:47:28 PM PDT by phockthis (http://www.supremelaw.org/fedzone11/index.htm ...)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson