Freddie & Fannie Unconstitutional Bail Out Using What?Submitted by northstar on Sun, 07/20/2008 - 02:02
Good article here:
On July 16, 2008, I happened to catch a segment with Judge Andrew Napolitano on FAUX News Network’s afternoon session hosted by the affable, but ignorant, Shepard Smith. Napolitano patiently tried to explain to Smith why Congress has NO authority to bail out any of these private corporations. Smith looked perplexed, as usual. Andrew Napolitano is one smart man who isn’t afraid to call it like it is and would have made a first rate Attorney General under a Ron Paul presidency. Add Dr. Edwin Vieira as Secretary of the Treasury and we would have seen the first steps taken towards ridding America of her shackles to the unconstitutional "Federal" Reserve Banking System.
What Smith didn’t seem to grasp, the looting of the American people once more to save stock holders of these corporations — just what is going to be used for this latest swindle of the people’s purse? The U. S. Constitution does not authorize Congress to act as a bank or loan guaranty agency. All the cable network gas bags and political pundits are weighing in on this financial tsunami with one band aid or another. Of the dozens of columns and news items I’ve read in the past couple of weeks, I believe the one that best sums it up is by Lew Rockwell, Fannie, Freddie, Fascist:
"Place the blame not only on the banks, but also on the institutions that are siphoning off their liabilities for irresponsible behavior, and that would be Freddie and Fannie. And who created these? Travel back in time to the New Deal. Here is an article about the creation of Freddie Mac. And here is another about Fannie Mae.
Much more at: http://www.lincolnnewsmessenger.com/detail/89105.html
Worldwide, it's not hard to see why people support Dr. Paul !