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LaRaza and others included in bailout plan. MINSIR fights back!

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Commentary by Ruthie

Within the current talks in Washington on how to deal with the mismanagement of our financial system by the very people who created the problem, there is one issue that is NOT being discussed – sub prime mortgages to illegal aliens. Nor do I believe without our voices being heard loud and clear by those elected to oversee these regulations, that there will be no discussion to address and correct the issue.

 

Many of those that discuss this current bailout day in and day out admit that sub prime housing loans escalated where we are today. And, the stories of, fraudulent activities and housing mortgages to illegal aliens is available.

 

Why are American homeowners and taxpayers being subject to pay for the activities of an administration, politicians and government agencies that demanded mortgage companies fund these loans?

 

THESE ACTIONS ARE ILLEGAL –

It is illegal to aid and abet illegal aliens

US Code Section 8 sub sections 1324 and 1325.

 

It is illegal to change or ignore qualifications for home ownership.

 

And consider this – those illegally in the country have nothing to loose they can simply walk away from this debt leaving the American citizen holding the bag.

 

CONTACT ANY, MANY OR THOSE WHO YOU WOULD LIKE and D E M A N D the return to law and order and absolutely ….

 

No bail out to those who broke the law and aided and abetted illegal alien activity.

 

No funds to SPECIAL INTERESTS and LOBBYISTS that do not put the interests of the AMERICAN CITIZENS FIRST.

 

No bailout or funding to those not legally in this Country.

 

They are not discussing this issue because within the current negotiations they would rather slip the issue into the talks WITHOUT educating the American people.

 

NOW IS THE TIME TO BRING OUR MESSAGE HOME

Please make the calls – if you cannot call – search out the person you would like to contact and email them – REPEATEDLY

 

No amnesty

Secure our borders

Enforce the LAW!!!!

 

If we do not stop the never ending financial drain of Americans and legal residents in this country to those who have done nothing more than break the law and enter this country illegally, we will be paying – as will our children and grandchildren – for generations to come – COMMON SENSE, LAW AND ORDER and the INTERESTS OF AMERICANS FUTURE must be address NOW.

Ruthie

 

Minnesotans Seeking Immigration Reform minnsir@yahoo.com

 

MINSIR has a complete list of House and Senate members phone numbers.  Contact Ruthie for the members in your state minnsir@yahoo.com 

 

 

http://www.constitutionforum.us/

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New to PPJ is the Constitution Forum, a website dedicated to constitutional government put together by a gentleman named Alan Adaschik.  Alan has waged a one man war against the illegal and nefarious GATT treaty and has gone so far as to file suit against the federal government regarding GATT.  His site includes Essay’s and Articles, causes of action and some really astute constitutional observations. 

Check out http://www.constitutionforum.us/  here, or click on the links in our blogroll. 

Some of what you’ll find on http://www.constitutionforum.us/ 

PPJ will be crossposting articles from Constitution Forum regularly.  We’ll be looking forward to your input, your observations and opinions.

Marti

Economists Against The Paulson Plan

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Economists Against The Paulson Plan

 

To the Speaker of the House of Representatives and the President pro tempore of the Senate:

 

26/09/09 As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:

 

1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense.

Investors who took risks to earn profits must also bear the losses.  Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.

 

2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If  taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.

 

3) Its long-term effects.  If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America’s dynamic and innovative private capital markets have brought the nation unparalleled prosperity.  Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.

 

For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.

 

 

 

Signed (updated at 9/25/2008 8:30AM CT)

 

Acemoglu Daron (Massachussets Institute of Technology) Adler Michael (Columbia University) Admati Anat R. (Stanford University) Alexis Marcus (Northwestern University) Alvarez Fernando (University of Chicago) Andersen Torben (Northwestern University) Baliga Sandeep (Northwestern University) Banerjee Abhijit V. (Massachussets Institute of Technology) Barankay Iwan (University of Pennsylvania) Barry Brian (University of Chicago) Bartkus James R. (Xavier University of Louisiana) Becker Charles M. (Duke University) Becker Robert A. (Indiana University) Beim David (Columbia University) Berk Jonathan (Stanford University) Bisin Alberto (New York University) Bittlingmayer George (University of Kansas) Boldrin Michele (Washington University) Brooks Taggert J. (University of Wisconsin) Brynjolfsson Erik (Massachusetts Institute of Technology) Buera Francisco J. (UCLA) Camp Mary Elizabeth (Indiana University) Carmel Jonathan (University of Michigan) Carroll Christopher (Johns Hopkins University) Cassar Gavin (University of Pennsylvania) Chaney Thomas (University of Chicago) Chari Varadarajan V. (University of Minnesota) Chauvin Keith W. (University of Kansas) Chintagunta Pradeep K. (University of Chicago) Christiano Lawrence J. (Northwestern University) Cochrane John (University of Chicago) Coleman John (Duke University) Constantinides George M. (University of Chicago) Crain Robert (UC Berkeley) Culp Christopher (University of Chicago) Da Zhi (University of Notre Dame) Davis Morris (University of Wisconsin) De Marzo Peter (Stanford University) Dubé Jean-Pierre H. (University of Chicago) Edlin Aaron (UC Berkeley) Eichenbaum Martin (Northwestern University) Ely Jeffrey (Northwestern University) Eraslan Hülya K. 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