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Obama Administration Facing Massive Federal Lawsuit
The Western Center for Journalism ^ | 11/7/2012 | Sean Franciso

Posted on 11/11/2012 1:31:17 PM PST by Victor

A lawsuit seeking the return of $43 trillion (with a “t”) and an audit of all the TARP programs by an independent receiver has been filed against senior members of the Obama Administration and the New York group known as the “Banksters”.

The Wall Street Journal’s MarketWatch is reporting that the Spire Law Group, LLP has moved its mass tort action into the federal court in Brooklyn, New York. In this District Court lawsuit (Case No. 12-cv-04269-JBW-RML), the Spire Law Group, LLP is acting on the behalf of homeowners across the country seeking to halt all foreclosures nationwide until the return of the $43 trillion.

The independent audit the lawsuit is seeking of the TARP Program stems from a report by the former Inspector General of the bailout program, Neil Barofsky, who is countering the claims made by President Obama both publicly and privately to Congress that the money has been paid back. Mr. Barofsky asserts that none of the money advanced by the Treasury has ever been paid back by the recipients of the program.

The Plaintiffs have established the location of the $43 trillion of laundered money in a criminal racketeering enterprise participated in by the following individuals:

Eric Holder Tony West

Kamala Harris Jon Corzine Robert Rubin Timothy Geitner Vikram Pandit Valerie Jarrett Anita Dunn Robert Baueras

The lawsuit alleges that the Obama Administration actively borrowed money from these “Banksters” to fund his political campaign in this 2012 Election and has not pursued any criminal charges against them.

The lawsuit also claims multiple violations of the United States Patriot Act, along with the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (RICO) and other State and Federal laws by the Obama Administration.


TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: fed; federallawsuit; rico; tarp; tarplawsuit; theft
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To: Victor
A lawsuit seeking the return of $43 trillion (with a “t”) and an audit of all the TARP programs by an independent receiver

The Treasury lent less than $300 billion to the banks thru TARP.

41 posted on 11/11/2012 3:16:48 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Jim Robinson

Yeah, like I said he is a nut job.


42 posted on 11/11/2012 3:16:49 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Las Vegas Ron

He said years ago they are going to devalue and ruin the dollar.. thought it was crazy


43 posted on 11/11/2012 3:17:54 PM PST by opentalk
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To: Jim Robinson

You sound just like my SIL. Seriously, she believes all this. You forgot to put in there that Bush is the Anti-Christ, though.


44 posted on 11/11/2012 3:20:27 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: opentalk
He said years ago they are going to devalue and ruin the dollar.. thought it was crazy

And Glenn Beck is roundly ridiculed here too.

Yet no apologies when he has been proved correct.

I am no fan of Alex Jones but I have no doubt some of what he says is true, it's happening before our eyes, just like Beck.

45 posted on 11/11/2012 3:27:31 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Jim Robinson
Yeah, I know. Fire can’t melt steel

Actually, that was Rosie O'Doughnuts who said that....

https://www.youtube.com/watch?v=wxoVzrAr98w

46 posted on 11/11/2012 3:32:11 PM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Las Vegas Ron
Like any other source of information.. research it on your own to verify. What is interesting ...some of the think tanks put out reports years ahead and they end up being policy.
47 posted on 11/11/2012 3:33:29 PM PST by opentalk
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To: Victor

There’s about $3.6 trillion in federal, state and local assets (tables L104 and L105 at http://www.federalreserve.gov/releases/z1/current/z1.pdf) but these are dwarfed by their respective liabilities.

As for the private sector, the U.S. National Debt Clock lists $87.4 trillion in assets, but these likewise are offset to some extent by debts. However, it’s obvious that the plaintiffs in this case are seeking to go after only federal assets, which amount to $1.378 T at the end of June 2012.

I’m no legal eagle but I don’t think suits of this sort are limited by known assets. That is, if I have a net worth of $500K, that wouldn’t stop a lawyer from suing me for $3 million if he could demonstrate I did that amount of damage to his client in a car wreck, for example. I may declare bankruptcy, which would inhibit collection of an award, but per se, the fact that I don’t have the means to pay the amount they are suing me for doesn’t stop the lawsuit from going forward etc.


48 posted on 11/11/2012 3:34:36 PM PST by DrC
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To: Las Vegas Ron

Yes, and all the conspiracy nutjobs like Jones and Rivera, et al, are into the libtard 911 truther bullshit.


49 posted on 11/11/2012 3:55:06 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Victor

............this will be fun to watch up until the first summary judgment hearing wherupon it will get thrown out on “standing”.................


50 posted on 11/11/2012 4:16:09 PM PST by Cen-Tejas (it's the debt bomb stupid!)
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To: usconservative; Jim Robinson; All

Many many thanks for tracking down the source!

Press release by a crackpot lawyer..... (facepalm).


51 posted on 11/11/2012 4:50:27 PM PST by WildHighlander57 ((WildHighlander57 returning after lurking since 2000))
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To: combat_boots

Video from the house of lords ($15 trillion fraud)

http://www.youtube.com/watch?v=oAK5xzEYq7I&feature=related


52 posted on 11/12/2012 3:35:46 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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