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To: LibertyRocks
There seems to be a general attack on contracts within Congress right now. The recent legislation that allows a judge to change the terms of a mortgage including reducing the principal owed to the investors is a blatant violation of contract law. That principal is the private property of the original investors. The contract specified that their private property would be repaid with interest. Breaking the contract and STEALING the private property of the investors by judicial fiat is contrary to the Constitutional guarantee of contracts and a violation of the 5th Amendment (taking of private property without just compensation). It is unconstitutional and immoral on many levels.
157 posted on 03/19/2009 9:21:46 AM PDT by Myrddin
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To: Myrddin

Thanks again. This is definitely a multi-pronged effort to destroy our capitalist system and neutralize the checks and balances within our government itself. Did you see the proposed law to give power to the Sec. of the Treasury to assume control of financial institutions IT deems “risky”? Another direct assault. These Commies are pushing for pure and complete government control (nationalization) of our economy and all means of production. It doesn’t surprise me, but it does surprise me they are acting so quickly. I guess Rahm really meant it when he said let no good crises go to waste.

The “tin-foil” part of me really wonders if this wasn’t the whole plan in the first place, and if this “crisis” wasn’t “concocted” in some way by the “movers and shakers” in our world who are partial to communism (because THEY would have control then).


163 posted on 03/19/2009 9:44:21 AM PDT by LibertyRocks ( http://LibertyRocks.wordpress.com ~ ANTI-OBAMA STUFF : http://cafepress.com/NO_ObamaBiden08)
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