Reply #6: Housing bailout [View All]

[GOP_refugee]

This is my first post here, so go easy. Also note from my login that I am a former supporter of this President. I am telling you this in the interest of full disclosure. You can rag on me all you want, but I need your help. I will gladly take your help anyway I can get it, frankly.

Like Saul on the road to Damascus, my eyes have been opened by the blatant corruption of not just this Administration but Senators Dodd, Schumer, and pretty much every Republican in the Senate.

I've frankly had enough. These clowns are going to reward the same idiots that got us into this mess, namely the investment banks, homebuilders, and greedy mortgage lenders like Countrywide.

Today's Senate hearing was a joke. Not one question about the illegal (as in violation of the US constitution) transfer of risk from Bear Stearns/JP Morgan to U.S. taxpayers. Folks, nowhere does the US constitution give the Executive Branch the right to do what just happened. They claimed authority under the Federal Reserve act, but this too is a lie. The supposed "loan" to Bear Stearns was NOT a loan. By definition, it is non-recourse in that JPMorgan is not on the hook for anything. That's a bribe, plain and simple. Essentially the power to levy taxes on the American people was just given to private, financial institutions. This is a precedent, folks, you'd better wake up. Your kids future just got sold out to JPMorgan, Citibank, and whatever other corrupt corporations are deemed "too big to fail."

I've just finished faxing a 14 page letter to House Judiciary Chairman John Conyers outlining the basis for Articles of Impeachment to be brought against not just Bush, but Treasury Secretary Paulson as well. This is where I need your help. To all those who called for the impeachment of Bush, I see now that you were right. This administration is psychotic in it's trashing of the US constitution. They need to be brought to justice. PLEASE contact your representatives in the US House, I believe they are our only hope. The Senate is a lost cause, though it wouldn't hurt to let them hear your outrage as well.

Especially if you live in Michigan ... contact Rep. Conyers. I believe he is an honorable man who just might have the courage to do what is necessary here. Ask him to immediately convene an emergency meeting of the House Judiciary committee.

And one last thing, please unite soon behind Obama. As someone from "the other side" I can see how happy the disgusting pigs like Paulson are to see you guys divided and preoccupied with a brutal nomination fight. It is taking away attention from the whole scale pillaging of the US Treasury right before our very eyes.