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So if I am reading this correctly, it states that all previous laws in regards to the Secretary or the Federal Reserve are DONE AWAY WITH. Also, I have not heard or seen on any news source that the change in FDIC insurance is ONLY UNTIL DEC 2009.

Please go to the web site and on the left hand side SHARE YOUR OPINIONS with our wonderful Senate who...well I will not type what I feel.

1 posted on 10/02/2008 12:46:37 PM PDT by blueyon
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To: blueyon
Everybody needs to review the Community Reinvestment Act of 1977, and then call their legislators and tell them

NO BAILOUT!


2 posted on 10/02/2008 12:49:46 PM PDT by hiredhand (Understand the CRA and why we're facing economic collapse - see my about page.)
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To: blueyon

It is with great reluctance that I have agreed to this calling. I love democracy. I love the Republic. The powers you give me I will lay down when this crisis has been abated!
3 posted on 10/02/2008 12:57:17 PM PDT by ari-freedom
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To: blueyon

Great! So now the Council on Foreign Relations has complete control of our money.


5 posted on 10/02/2008 1:06:24 PM PDT by wolfcreek (I see miles and miles of Texas....let's keep it that way.)
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To: blueyon
I'm not a lawyer, but it looks like section 135 is just saying that the Sec. of Treasury or the Federal Reserve are not subjected to new limitations of powers given by other laws. Basically it says "the old rules still apply".
6 posted on 10/02/2008 1:06:59 PM PDT by KarlInOhio (The $700B bail out is giving parachutes to bankers while we must keep our seat belts on and shut up.)
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To: blueyon
You're reading it wrong.

All it says is that this particular act doesn't place new restrictions on previous laws.

8 posted on 10/02/2008 1:41:03 PM PDT by DaisyCutter
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To: blueyon

It’s because they’re the one’s controlling this process- kill the bankers power, and you kill this bill (and their stranglehold over Congress-and weaking of their thralldom over the US people)!


10 posted on 10/02/2008 2:38:53 PM PDT by JSDude1
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