BANKING
JP Morgan Chase CEO Jamie Dimon, left, and Goldman
Sachs CEO Lloyd Blankfein – meeting with Obama in violation
of Antideficiency Act.
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MAGGOTS |
Obama meets with Goldman Sachs for New Line of Credit [LOC] – in Violation of US Law By Patrick Henningse Global Research, October 03, 2013 21st Century Wire<CLICK
US Treasury head Jack Lew described the situation as follows: “If
we have insufficient cash on hand, it would be impossible for the
United States of America to meet all of its obligations for the first
time in our history.”
The bank chiefs he met with included such upstanding money lenders as Lloyd Blankfein of Goldman Sachs, Michael Corbat of Citigroup, Jamie Dimon of JPMorgan Chase & Co, and Brian Moynihan
of Bank of America – and it’s worth noting here that each and every one
of these men have presided over one financial fraud or scandal of some
kind over the last 5 years.As it happens, JPMorgan just offered the Feds $3 Billion to end probes into its dodgy mortgage business.
Yes, Obama has met with Goldman Sachs and Co, in order to arrange for a new ‘debt ceiling’, or more accurately – a new line of credit. Only problem: he cannot do this during a shutdown. Such an act is in direct violation of the Antideficiency Act of 1870. It was a real law in fact, passed by Congress and also amended several times. This US law clearly prohibits a government office holders from incurring any monetary obligation – for which the Congress has not appropriated funds.
Question: In his secret meeting with bankers, what did the President promising to give away in return for a quick payday loan from the banking opportunists? This should be disclosed to the public.
Administration officials should be concerned about this important 19th century law – one that could send them packing, or perhaps imprisoned – should they choose to (as the President has today) take the law into their own hand behind the back of the American people while the government is shut down.
CNBC reported today:
“CNBC has learned that in several
executive branch departments, high-level staff members review individual
decisions about what government activities to allow for fear of running
afoul of the Antideficiency Act. One White House official said he has
advised his employees not to check their email or cellphones. Under the
act, even volunteering for government service is expressly prohibited.
In a memo to his department employees today, Treasury Secretary Jack Lew cited the law as the reason for reduced staffing.”
To add insult to injury, the President is also playing games in the press, in attempt to be a clever Dick. From Zerohedge:
In an interview with
CNBC’s John Harwood, Obama once again shows why the polarization in
Congress is at record levels.
In a brief: he said he is “exasperated”,
and that the shutdown is “entirely unnecessary” but adds that he is
(finally?) prepared to negotiate, however only after he gets his way
namely after the government is reopened. And another important talking
point: Obama added that while gridlock in D.C. is nothing new, “this
time I think Wall Street should be concerned.” It is unclear how that
statement makes any sense in light of Obama’s right hand senator Chuck
Schumer telling the man who is really in charge, Ben Bernanke, to get to
work. Unless of course, Obama is now angling for a “concerning” market
crash, which sends the Dow down by 20% like in the summer of 2011, and
Obama can tell the stunned public “I told you so.”
21WIRE’sAside from anything, this potentially fatal gaff by Obama should demonstrate to Americans that politicians DO NOT run the nation – bankers do.
in-house chief financial health consultant submitted this report just before press time:
Diagnosis: The President is presently unable to perform his duties, and is currently displaying overtly narcissistic and psychotic behavioral patterns – all of which is unbecoming of a US chief executive. This could be treated with heavy medication and hormone replacement therapy, but that would mean he would need to resign immediately. Both Democrats and Republicans have acquiesced to run-away spending through the last two administrations and aside from a handful of sensible Congressmen and women (most of whom have since been run out of office), they have willingly built a federal Titantic which is now threatening to sink the fortunes of the American people. US federal government departments and gravy train contractors are presiding over an all-you-can-eat buffet, followed by an after dinner crack pipe, and although doing nicely for themselves, they have been knowingly been running the country’s fiscal affairs off a cliff.
Next 14 Days – Prognosis: Dollar down. Stock market down. Gold and silver up. But sadly because of the running scam being run by petroleum companies, this means oil and gasoline in the US will go up as well.
Treatment: No more new lines of credit. Start cutting the totally unnecessary big-ticket items – starting with the Department of Homeland Security (DHS). It didn’t even exist before 2001, but it was planned long before 9/11. Figure that one out. When the DHS is closed, all of its newly unemployed DHS workers and domestic soldiers should be put to work picking up trash along the sides of roads and highways in America, or cleaning toilets at gas stations. All highly skilled redundant employees should not be wasted however on menial labor, and should immediately be put to work sorting through recycled trash so as to help make America greener and more sustainable.
Once this transitional cycle is complete, then repeat this process again with the National Security Agency (NSA). Repeat process again with the Department of Education. After these treatments are complete – then they can fuss over Obamacare.
Total Savings: $760 billion per annum. Then, at least we’re back in business, with clean roads, toilets etc. All say aye?
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