[Domandred]

The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.

What part of that is Constitutional? What part of ANY of this is Constitutional?

Torches and pitchforks.

[goldstategop]

Banks are privately chartered or used to be but its more far reaching than just Uncle Sam taking over mortgages in default. We'll have a government run banking system for the first time since the United States Bank in the 19th Century.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[silentknight]

Quote “Torches and pitchforks.”

Yes, I keep hearing this on the forum. Just what are you going to do? I would guess nothing. People will sit back and take this, as always.

VERY few people will do anything at all. I predict the blank check will go forward and freepers/others will do nothing.

Just my prediction...

I have yet to see any protests in the streets. Americans don’t know how to fight. Prove me wrong.