Posted on 11/11/2012 1:31:17 PM PST by Victor
The Treasury lent less than $300 billion to the banks thru TARP.
Yeah, like I said he is a nut job.
He said years ago they are going to devalue and ruin the dollar.. thought it was crazy
You sound just like my SIL. Seriously, she believes all this. You forgot to put in there that Bush is the Anti-Christ, though.
And Glenn Beck is roundly ridiculed here too.
Yet no apologies when he has been proved correct.
I am no fan of Alex Jones but I have no doubt some of what he says is true, it's happening before our eyes, just like Beck.
Actually, that was Rosie O'Doughnuts who said that....
There’s about $3.6 trillion in federal, state and local assets (tables L104 and L105 at http://www.federalreserve.gov/releases/z1/current/z1.pdf) but these are dwarfed by their respective liabilities.
As for the private sector, the U.S. National Debt Clock lists $87.4 trillion in assets, but these likewise are offset to some extent by debts. However, it’s obvious that the plaintiffs in this case are seeking to go after only federal assets, which amount to $1.378 T at the end of June 2012.
I’m no legal eagle but I don’t think suits of this sort are limited by known assets. That is, if I have a net worth of $500K, that wouldn’t stop a lawyer from suing me for $3 million if he could demonstrate I did that amount of damage to his client in a car wreck, for example. I may declare bankruptcy, which would inhibit collection of an award, but per se, the fact that I don’t have the means to pay the amount they are suing me for doesn’t stop the lawsuit from going forward etc.
Yes, and all the conspiracy nutjobs like Jones and Rivera, et al, are into the libtard 911 truther bullshit.
............this will be fun to watch up until the first summary judgment hearing wherupon it will get thrown out on “standing”.................
Many many thanks for tracking down the source!
Press release by a crackpot lawyer..... (facepalm).
Video from the house of lords ($15 trillion fraud)
http://www.youtube.com/watch?v=oAK5xzEYq7I&feature=related
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