2008 Preamble to Declaration of Independence We the rich hold these truths to be undeniable; that all rich people are created above all others & that from our superiority is created by our God, that we derive our rights inherent & inalienable, above anyone else, we decide what the preservation of life, & liberty, & the pursuit of happiness is; that to secure our position to these ends, our token government is instituted by the rich, deriving their just powers because they have the armies and from the consent of the rich; that whenever any person shall become destructive of our rules, it is the right of the rich to destroy, alter or to abolish any rule, law that interfere with the rule of the rich, & to institute new definitions at will and without notice , laying ours foundation on the backs of the not rich. We shall organize our powers in such a form, as to keep all non-rich at bay and shall protect our safety & happiness by force should the poor rise up due to the heavy yoke around their necks.
Perhaps the Government would think different if all the home owners who are loosing their homes were to blockage their houses and take a stand, Use any and all force nessary to hold law enforcement off. One or two homeowners would not make a difference, but if 1 mil home owners put up a resistance then the police force would not have the man power to remove us all. If we band together, the Government will have to deal with us. Stand alone and they will take us one by one just like Nazi did. If it is the banks policy to rip us off, make us homeless while enjoying the bailout money for vacations, then take our homes and sale them for less than what we owe, it should be the policy of the citizens to repeal any and all government official attempt to effect this national swindle upon us. Again Thomas Jefferson saw that these tyrants would continue to rise up and we would need to forced them back down in order to maintain our liberty. He said, "I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
The Preamble to his original draft of the Declaration of Independence, he wrote, "We hold these truths to be sacred & undeniable; that all men are created equal & independent, that from that equal creation they derive rights inherent & inalienable, among which are the preservation of life, & liberty, & the pursuit of happiness; that to secure these ends, governments are instituted among men, deriving their just powers from the consent of the governed; that whenever any form of government shall become destructive of these ends, it is the right of the people to alter or to abolish it, & to institute new government, laying its foundation on such principles & organizing its powers in such form, as to them shall seem most likely to effect their safety & happiness."
Hasn''t this government and the banking system proven to be destructive? Do the people now have a right to alter or abolish it and institute a new government? Thomas thought that "Rebellion to tyrants is Obedience to God." He further said, "The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants." Perhaps we have reached that point where it is time to refresh the tree of liberty and deal with these tyrants now destroying American. Now that I have said my thoughts about this swindle, showed myself as a Son Of Liberty should I stand out front of my home and wait for the black van to pull up and take me to Guantanamo Bay?
The fact that ANY employee of these financial institutes could get a bonus makes me very angry! Why do any of them deserve a bonus? What have they done to earn one? Help drive their company to a point of needing tax payer money, that''s what! While working for my last employer, I went almost 3 years without even a cost of living raise (in an environment where everything around me was costing more). And shortly after I got a raise, I was let go. Both my husband and I have been out of work since Jan. of this year, we have used our entire savings; we are out of unemployment benefits and are now whittling away my husbands 401k - a sum that was already hit by this financial crisis. We can not even get help to stay in our house or pay our bills right now so I do not think these cheating banks that are practicing bad business should get any tax payer money - ESPECIALLY since they seem to still have enough of their own money "set aside" to pay bonuses to their underachieving employees!
You should learn about a thing called DERIVATIVES. Mortgages were a small portion of the problems. DERIVATIVES created the monster and this was created on Wall Street.
The Americans that are stuck with unreasonable mortgages were conned by the ''''experts'''', their ''''advisors'''' into thinking it would be OK and and that it was in their best interests to go forward with these committments. Sure, they are paying for it now, but the sleaze-bags at the top are still raking in the tax-payer dough.
Posted by oleander8 at 12:25 PM : Nov 13, 2008
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The majority of those mortgage loans were made by independent mortgage brokers, not Wall Street. And the only reason they continued to make those loans was because Fannie Mae and Freddie Mac were buying them up.
People don''t make suspect loans unless they''re sure they can sell them to someone else.
THE EXCUTIVES SHOULD BE FIRED ALOT OF PEOPLE CAN DO THIER JOB, INFACT BETTER, FOR ALOT LESS MONEY PEOPLE, YOU ALSO HAVE TO BE ACCOUNTABLE FOR YOUR ACTIONS,IF IT LOOKS TO GOOD TO BE TRUE, THEN IT IS
You can''t start fixing the problem until you know the cause - LOOK IN THE MIRROR. Even AMEX is panicking now because people are defaulting on their payments of consumer credit card debt.
Posted by iblefty32 at 08:56 AM : Nov 13, 2008
I have defaulted on NOTHING. I have never paid a finance charge in my life, paying off EVERY credit card bill in full each month. Yet my retirement savings are down nearly 50%. Whose fault is that ?
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We the rich hold these truths to be undeniable; that all rich people are created above all others & that from our superiority is created by our God, that we derive our rights inherent & inalienable, above anyone else, we decide what the preservation of life, & liberty, & the pursuit of happiness is; that to secure our position to these ends, our token government is instituted by the rich, deriving their just powers because they have the armies and from the consent of the rich; that whenever any person shall become destructive of our rules, it is the right of the rich to destroy, alter or to abolish any rule, law that interfere with the rule of the rich, & to institute new definitions at will and without notice , laying ours foundation on the backs of the not rich. We shall organize our powers in such a form, as to keep all non-rich at bay and shall protect our safety & happiness by force should the poor rise up due to the heavy yoke around their necks.
While working for my last employer, I went almost 3 years without even a cost of living raise (in an environment where everything around me was costing more). And shortly after I got a raise, I was let go. Both my husband and I have been out of work since Jan. of this year, we have used our entire savings; we are out of unemployment benefits and are now whittling away my husbands 401k - a sum that was already hit by this financial crisis. We can not even get help to stay in our house or pay our bills right now so I do not think these cheating banks that are practicing bad business should get any tax payer money - ESPECIALLY since they seem to still have enough of their own money "set aside" to pay bonuses to their underachieving employees!
You should learn about a thing called DERIVATIVES. Mortgages were a small portion of the problems. DERIVATIVES created the monster and this was created on Wall Street.
Posted by oleander8 at 12:25 PM : Nov 13, 2008
===========
The majority of those mortgage loans were made by independent mortgage brokers, not Wall Street. And the only reason they continued to make those loans was because Fannie Mae and Freddie Mac were buying them up.
People don''t make suspect loans unless they''re sure they can sell them to someone else.
Posted by libra217 at 02:56 PM : Nov 13, 2008
=================
If you don''t understand that the market goes up and also goes down then you shouldn''t be in it.
But to answer you question, the first place you should look is at Fannie Mae and Freddie Mac.
Posted by iblefty32 at 08:56 AM : Nov 13, 2008
I have defaulted on NOTHING. I have never paid a finance charge in my life, paying off EVERY credit card bill in full each month. Yet my retirement savings are down nearly 50%. Whose fault is that ?