2008 Bank Bailout Or Martial Law?steemCreated with Sketch.

in bank •  6 years ago 


"President Bush signed the $700 billion bank bailout bill on October 3, 2008. The official name was the Emergency Economic Stabilization Act of 2008.

Treasury Secretary Henry Paulson had asked Congress to approve a $700 billion bailout to buy mortgage-backed securities that were in danger of defaulting."
https://www.thebalance.com/what-was-the-bank-bailout-bill-3305675

"Since being established, the OITC has become the largest single owner of Home Mortgage Securities in the World today"
https://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking130.htm

"Most people think that the big bank bailout was the $700 billion that the treasury department used to save the banks during the financial crash in September of 2008. But this is a long way from the truth because the bailout is still ongoing. The Special Inspector General for TARP summary of the bailout says that the total commitment of government is $16.8 trillion dollars with the $4.6 trillion already paid out. Yes, it was trillions not billions"
https://www.forbes.com/sites/mikecollins/2015/07/14/the-big-bank-bailout/#59a7246b2d83

The Size of the Bank Bailout: $29 Trillion
https://www.cnbc.com/id/45674390

"Federal Reserve Chair Ben Bernanke — along with Treasury Secretary Henry Paulson and Federal Reserve Bank of New York President Timothy Geithner — rushed to Congress to get $700 billion to bail out the banks. “If we don’t do this today we won’t have an economy on Monday,” is the line famously attributed to Bernanke.
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The trio argued to lawmakers that without the bailout, the United States faced a catastrophic collapse of the financial system and a second Great Depression.

Neither part of that story was true."
https://www.latimes.com/opinion/op-ed/la-oe-baker-bailout-20180914-story.html

"The financial bailout legislation of September 2008 was only passed after members of both Congressional houses were warned that failure to act would threaten civil unrest and the imposition of martial law."
https://www.globalresearch.ca/martial-law-the-financial-bailout-and-war/11681

Bank Bailout or martial law

"Many in the congress were threatened that martial law would be declared if they did not pass the bailout bill!"

"Rep. Brad Sherman (D-CA 27th District) reported the same threat on the Congressional floor (Rep. Sherman later downplayed his remarks slightly on the Alex Jones show):

“The only way they can pass this bill is by creating a panic atmosphere…. Many of us were told that the sky would fall…. A few of us were even told that there would be martial law in America if we voted no. That’s what I call fear-mongering, unjustified, proven wrong.” [6]

So it is clear that threats of martial law were used to get this reprehensible bailout legislation passed. It also seems clear that Congress was told of a threat of martial law, not itself threatened."
https://apjjf.org/-Peter-Dale-Scott/3010/article.html

"Senator James Inhofe has revealed that Henry Paulson was behind the threats of martial law"
https://www.infowars.com/paulson-was-behind-bailout-martial-law-threat/

"Sen. James Inhofe (R-Ok.) said yesterday that it was Treasury Secretary Henry Paulson who personally told Congressmen that there would be martial law in America if they did not pass the bailout of the banks as demanded by the Bush Administration."
https://www.peakprosperity.com/blog/looting-america-treasury-secretary-paulson-threatened-senators-martial-law/9576

"Ominously, Burgess also commented, “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night.”
https://www.infowars.com/democratic-congressman-representatives-were-threatened-with-martial-law-in-america-over-bailout-bill/

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