Too Big To Comprehend?

[Chex]

details?

[David Merrill]

We were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal Reserve view, of a secret taxpayer funded “backdoor bailout” by a small group of unelected bankers. This data release reveals “emergency lending programs” that doled out $12.3 TRILLION in taxpayer money – $3.3 trillion in liquidity, $9 trillion in “other financial arrangements.”

Wait, what? Did you say $12.3 TRILLION tax dollars were thrown around in secrecy by unelected bankers… and Congress didn’t know any of the details?

The Federal Reserve was secretly throwing around our money...

That was called The Bailout - I think there were two Bailouts actually.

The article is not true to reality in my opinion. Maybe it presumes that troubled bankers all had to form a line?

[stoneFree]

How about $16 trillion in secret loans. Is this more comprehensible?

http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

[David Merrill]

The Fed is itself a foreign bank - that is what central banks are.

Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.

Do not think I am protecting the Fed. I think this website proves out I am likely the most damaging thing that has ever happened to the Fed.

My point is that this was a Bailout. Gobs of money made available for loans to the troubled bankers. People making a big deal about it after it is done is just distracting. This senator, whether he knows it or not is being very pro-Fed.

[hvncb]

GAO details on 16 Trillion Fed Bailout

http://4closurefraud.org/2011/07/21/government-accountability-office-gao-audit-of-the-federal-reserves-emergency-actions-released-today/

[David Merrill]

One thing to remember is that the Fed is not a US government agency. That is from the ongoing case with Scott Gregory suing the FRB of Atlanta.

[RThomas]

In any agency ‘relationship’ there is usually a principal. If the Federal Reserve Bank,’ as claimed to exist, is not an agent of the ‘United States’ then are they the principal? There may be a ‘relationship’ that is mutual, thus, no principal or agent (the two are one (maybe claiming existence with two ‘identities’ (instruments playing in harmony) acting as one)).

[David Merrill]

In any agency ‘relationship’ there is usually a principal. If the Federal Reserve Bank,’ as claimed to exist, is not an agent of the ‘United States’ then are they the principal? There may be a ‘relationship’ that is mutual, thus, no principal or agent (the two are one (maybe claiming existence with two ‘identities’ (instruments playing in harmony) acting as one)).

That is worth pondering.

I suspect the actual construction (of the constructive trust) is whatever cestui que relationship described and best explained by the parties involved.

[Chex]

One of the most common, important, and pervasive legal relationships is that of agency. In an agency relationship between two parties, one of the parties, called the agent, agrees to represent or act for the other, called the principal.

The law of agency is an area of commercial law dealing with a contractual or quasi-contractual, or non-contractual set of relationships when a person, called the agent, is authorized to act on behalf of another (called the principal) to create a legal relationship with a third party

1. Therfore: the principal, expressly or impliedly, authorizes the agent to work under his control and on his behalf.
   
2. Because an agent derives the authority to enter into contracts from the principal and because a contract made by an agent is legally viewed as a contract of the principal, it is immaterial whether the agent personally has the legal capacity to make that contract.
   
3. An agency relationship can be created for any legal purpose. An agency relationship created for a purpose that is illegal or contrary to public policy is unenforceable.
   
4. It may be referred to as the relationship between a principal and an agent whereby the principal, expressly or impliedly, authorizes the agent to work under his control and on his behalf.

[David Merrill]

One of the most common, important, and pervasive legal relationships is that of agency. In an agency relationship between two parties, one of the parties, called the agent, agrees to represent or act for the other, called the principal.

The law of agency is an area of commercial law dealing with a contractual or quasi-contractual, or non-contractual set of relationships when a person, called the agent, is authorized to act on behalf of another (called the principal) to create a legal relationship with a third party

1. Therfore: the principal, expressly or impliedly, authorizes the agent to work under his control and on his behalf.
   
2. Because an agent derives the authority to enter into contracts from the principal and because a contract made by an agent is legally viewed as a contract of the principal, it is immaterial whether the agent personally has the legal capacity to make that contract.
   
3. An agency relationship can be created for any legal purpose. An agency relationship created for a purpose that is illegal or contrary to public policy is unenforceable.
   
4. It may be referred to as the relationship between a principal and an agent whereby the principal, expressly or impliedly, authorizes the agent to work under his control and on his behalf.

I was looking at the bond for the vacant office of District Attorney here:

http://img695.imageshack.us/img695/7770/danmaydaoathandinsuranc.pdf

Notice how "We" are DAN MAY, and Dan MAY never even signed power of attorney!

[amosfella]

One thing to remember is that the Fed is not a US government agency. That is from the ongoing case with Scott Gregory suing the FRB of Atlanta.

I've come to believe that the FRB, BoC, etc., are all just extensions of the BIS. Making them foreign entities....