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President Obama Signs Paul Ryan Bill and Immediately Suspends 5th Amendmentů
Conservative Treehouse ^ | 6/30/16 | sundance

Posted on 07/01/2016 8:34:12 AM PDT by Nachum

Today President Obama signed the PROMESA (Puerto Rico Bailout) bill created by representative Paul Ryan, and with it the immediate suspension of the Fifth Amendment which was supported by a Senate vote yesterday.

The Fifth Amendment protects U.S. Citizens from federal seizure of property without compensation.

It applies in this instance to Puerto Rico via the general obligation bonds (property) purchased by municipal bond holders (investing citizens), which were supposed to be repaid, and which congress has now determined can be frozen.

In addition, PROMESA suspends legal redress, by blocking bond holders (property owners) from suing the debtor (PR) to recover their property. In essence the Fifth Amendment is suspended, and the rights of those whose property has been confiscated to use the courts has been preemptively denied.

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


TOPICS: News/Current Events
KEYWORDS: 5thamendment; amendment; bill; obama; paulryan; promesa; puertorico; puertoricobailout; romneywins; ryan; rynoryan; teamromney
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1 posted on 07/01/2016 8:34:12 AM PDT by Nachum
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To: LucyT

ping


2 posted on 07/01/2016 8:34:32 AM PDT by Nachum (ISIS is alive... and Chris Stevens is dead)
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To: Nachum

Bond holders stiffed again by Obama and Congress. Has such a familiar ring to it.


3 posted on 07/01/2016 8:35:49 AM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: Nachum

Didn’t something similar happen when 0bama “saved” GM? “Preferred” bondholders lost their investment?


4 posted on 07/01/2016 8:36:15 AM PDT by DBrow
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To: Nachum

Can’t even say what I would really like to about Paul Ryan, as it would probably get me banned or possibly even arrested.


5 posted on 07/01/2016 8:36:48 AM PDT by jpl (Obama lied when Stevens died.)
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To: DBrow

That’s what I recall.


6 posted on 07/01/2016 8:37:06 AM PDT by Original Lurker
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To: jpl

Ryan is one of THEM. A Democrat enabler.


7 posted on 07/01/2016 8:38:56 AM PDT by Scott from the Left Coast
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To: Nachum

https://theconservativetreehouse.com/2016/06/09/rat-fink-ryan-pushes-passage-of-puerto-rico-bain-capital-bond-seller-rescue-through-house/

http://www.tampabay.com/blogs/the-buzz-florida-politics/content/under-romneys-bain-capital-dade-behring-received-millions-tax-breaks-it-laid-hundreds


8 posted on 07/01/2016 8:39:00 AM PDT by HarleyLady27 ('THE FORCE AWAKENS!!!' Trump; Trump; Trump; Trump; 100%)
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To: Nachum
Hurray, for our communists leader and his friends like Ryan.
9 posted on 07/01/2016 8:40:15 AM PDT by Logical me
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To: HarleyLady27

So state and city bond holders now have more risk of loss and will demand higher interest rates. The rating agencies should immediately down grade all non-federal bonds.


10 posted on 07/01/2016 8:41:06 AM PDT by Oldexpat
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To: Nachum

Pretty much the same thing happened in OK and KS(?) where cops can take your stuff just because they think you may have committed a crime.


11 posted on 07/01/2016 8:41:45 AM PDT by SkyDancer ("They Say That Nobody's Perfect But Yet Here I Am")
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To: Nachum

after all this, i’d bet there’s something in PR that the PTB are looking to possess.

could be oil rights off the coast.


12 posted on 07/01/2016 8:43:04 AM PDT by sten (fighting tyranny never goes out of style)
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To: Nachum

The Uni-Party strikes again.

What will it take for Americans to finally say, “ENOUGH!”


13 posted on 07/01/2016 8:43:50 AM PDT by Roccus
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To: jpl
Can’t even say what I would really like to about Paul Ryan, as it would probably get me banned or possibly even arrested.

How about: "I wish Paul Ryan were dead". It's not illegal to wish.

14 posted on 07/01/2016 8:46:15 AM PDT by Go Gordon (Barack McGreevey Obama)
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To: Nachum
Here's my viewpoint:

A) Bondholders demanded a premium on interest due to the risk of default.

B) PR defaulted; by implicit contract (the higher rate demanded) which priced in the risk inherit in the bonds, the bondholders are entitled to exactly nothing.

Since bondholders are getting US taxpayer money (a party which had nothing to do with the contract between bondholders and the territory of Puerto Rico), I am far more enraged over the complicit embezzlement of public funds to give to private parties.

That the embezzlement comes with a effective ‘take it or leave it’ style clause that says you can't sue over it - well, tough cookies. My suggestion is take your stolen money and run, as I'd far prefer that they get tar and feathers for their theft.

15 posted on 07/01/2016 8:47:35 AM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Oldexpat
It's all part of Barky’s plan to ruin America...her people first, no jobs; freedom, his EO’s; and this last one, take the people's money, houses, farms, living away, total Dictatorship...only WE can stop it...if we work together, we need to decide what to do, when to do it, and starting with each State and go from there...
16 posted on 07/01/2016 8:49:16 AM PDT by HarleyLady27 ('THE FORCE AWAKENS!!!' Trump; Trump; Trump; Trump; 100%)
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To: Nachum

They got away with it in the auto “bailout” so why not Reince, lather, and repeat? The GOPe had no objections at the time.


17 posted on 07/01/2016 8:49:40 AM PDT by NonValueAdded (JFK Wanted To Send Man To Moon - Obama Wants To Send Man To Ladies Room)
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To: jpl
Can’t even say what I would really like to about Paul Ryan, as it would probably get me banned or possibly even arrested.

I'm with ya but who needs to be scolded are his dumb-arse constituents who vote the a-hole back in.

18 posted on 07/01/2016 8:50:44 AM PDT by Digger
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To: Nachum
imam Obama has spoken and violated the Constitution
19 posted on 07/01/2016 8:52:01 AM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: jpl

A lot of us cant, an it’s not just About Ryan. They are doing as much damage as they can before Trump takes office.


20 posted on 07/01/2016 8:52:08 AM PDT by Carry me back (Cut the feds by 90%9)
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