� #1
Old 10-07-2008, 07:31 AM
Arrowwind09's Avatar
Standing at the Portal
Join Date: Oct 2007
Location: At The Door of Death
Posts: 3,235
Blog Entries: 12
My Mood: Fine
Arrowwind09 is on a distinguished road
Default Bills and Other Things of Interest


Full EESA Bill as Passed Oct. 3 2008 (H.R. 1424)

Schulz Declaration #2

Supplemental Memorandum

WTP Pushes Further Into Bailout Legal Challenge

AIG Has Already Consumed $61B of $85B Government Loan

Early this morning, WTP (We The People) Chairman Bob Schulz filed a supplemental Memorandum of Law in support of the Emergency Appeal to the Second Circuit Court of Appeals contesting last week's order of the U.S. District Court in Albany which barred any injunctive relief in WTP's constitutional challenge to the Wall Street bailout. The lower court had (erroneously) ruled that its jurisdiction to impose injunctive relief was not properly invoked.

The supplemental brief brings additional facts before the appellate court including added urgency supported by a report in The New York Times that over just several days, insurance giant and bailout recipient AIG have already expended $61 billion of the $85 billion loan extended to them via the Treasury and Federal Reserve. That loan, made days prior to the passage of the "Emergency Economic Stabilization Act of 2008", i.e., without any congressional authority whatsoever, along with the full EESA, are being challenged on the ground that the acts all lack Constitutional authority.

The bailout bill, which was signed by the President into law last Friday afternoon, (allegedly) provides the authority for the U.S. Government to purchase or insure $700 billion of unspecified (private) assets from unspecified (private) institutions, (including foreign entities), at its sole discretion.

Unlike the draconian language contained in Treasury's original draft which would have completely exempted the Treasury Secretary from all congressional and judicial oversight, the EESA act passed Friday expressly recognizes the jurisdiction of the U.S. Courts and directs them to grant or deny requests for Temporary Restraining Orders within three days of a request seeking to, "remedy a violation of the Constitution."

Today, Monday October 6, marks the third day following WTP's initial appeal of the order to the Second Circuit Court of Appeals in Manhattan. As of this publishing, the Court of Appeals has as yet taken no action on the WTP appeal and the Government has not responded.
"The nurse should be cheerful, orderly, punctual, patient, full of faith, - receptive to Truth and Love" Mary Baker Eddy
Visit www.HealthSalon.org
Reply With Quote


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
THE TRUTH ABOUT THE HEALTHCARE BILLS nightowl Health Insurance 23 12-14-2009 08:03 PM
Ron Paul's Health Freedom Bills liverock Health Insurance 0 08-10-2009 05:11 AM
Health Care Bills Are Negotiable Kevin Health Insurance 3 03-17-2009 01:42 AM
Thought This Site Might Interest People Boss Chitchat 0 07-21-2008 06:31 AM
Possible Topics of Interest! EarlyBird Chitchat 0 08-11-2006 04:16 AM