Friday, October 8, 2010

Has The President Just Lied To The Public?

Action Alert – Is Pres Obama’s Pocket Veto on H.R. 3808 Possibly Ineffective?
Posted by Foreclosure Fraud on October 8, 2010 

Help me out here everyone
Hearing some rumors and I need some type of confirmation…
Email from reader…
The word is out that Pres. Obama’s pocket veto of the Digital Robo-Signing Act was actually a trick. Sen. Harry Reid didn’t actually adjourn the U.S. Senate. The Senate has been kept in session by a little understood ruse and the bill will become law tonight at midnight without the President’s signature.
The big banks will file suit after the election to have this bill declared to be law.
Article I, Section 7 of the U.S. Constitution seems to support this view.

Some drunken bankers were already bragging about this on some major news outlets, including Fox News have reported on this.
I do not believe tonight at midnight is the deadline for this as stated in the email above.
I believe it is Tues Oct 12th. (10 days from when presented not including Sundays)

I do not have a warm and fuzzy feeling about this because the session is still open.
See HERE Senate Light is Green and Says “In Session”
Did some research and this is what I have come up with so far…

Some Background info.

A pocket veto is a legislative maneuver in United States federal lawmaking that allows the President to indirectly veto a bill. The U.S. Constitution requires the President to sign or veto any legislation placed on his desk within ten days (not including Sundays) while the United States Congress is in session. From the U.S. Constitution Article 1, Section 7 states:

If any Bill shall not be returned by the President within ten days (Sundays excepted) after it shall have been presented to him, the same shall be a Law, in like manner as if he had signed it, unless the Congress by their Adjournment prevent its return, in which case it shall not be a Law.

If the President does not sign the bill within the required time period, the bill becomes law by default. However, the exception to this rule is if Congress adjourns before the ten days have passed and the President has not yet signed the bill. In such a case, the bill does not become law; it is effectively, if not actually, vetoed. If the President does sign the bill, it becomes law. Ignoring legislation, or “putting a bill in one’s pocket” until Congress adjourns is thus called a pocket veto. Since Congress cannot vote while in adjournment, a pocket veto cannot be overridden (but see below). James Madison became the first president to use the pocket veto in 1812.[1]
More Here..


  1. registred demacrat here im emberassed to see my folks become this. sorry the pres is doing bad. sorry that things are bad. the senaters own congress, own finansial gurus, money operatives, big contact with other people. They own power in simple. Obaman is creating it he tried but not good for this. We need an election where we get Teddy Rosavelt or Lincoln, good men not obama. Demacrat yes? patriot yet, obama? no.

    - Sam

  2. It's not a pocket veto. It's a full veto.

  3. sam, spell check, then ask the guy next to you to help with a sentence structure. Lots of people in the library.

  4. THIS VETO is for what Prez Obama is intervening. Link this blog with the following one. He is just preventing the banks whom surely passed $$$$ to
    legislators to allow them to forclose even without
    the mortgagee signature. Banks stopped forclosures
    because in the repacking of the mortgages nobody knows who owns a house. President is trying with this veto to rescue midle class that is the majority underwater or banks are going to keep ru
    nning with the pack and leaving half of the country homeleness. His team is fully smart to detect loops in the hole. "I rescued you bank, you
    made a mess and a looth out of your derivatives packages,untangle your mess and people in this Country who pay a mortgage for a devaluated home
    be allowed to live in it until you prove the contrary" Easy as this to understand the Prez position.HE WON'T ALLOW THEM TO RUN WITH THE LOOTH
    GOP shipple, read the WHOLE NEWSPAPER not what FOX
    (GOP) says.


  6. Madoffland.
    Zero hedge says:…”the "biggest fraud in the history of capital markets.
    Not very surprisingly, we are, so far, spot on in our 29th September projected timeline at this point: "We predict that within a week, all banks will halt every foreclosure currently in process. Within a month, all foreclosures executed within the past 2-3 years will be retried, and millions of existing home sales will be put in jeopardy."

    You are witnessing another stage of the unraveling of the Great Ponzi economy.
    Many of the sub-prime and even re-financed prime mortgages in ‘securitised” property backed bonds flogged of by the banks were pure fraud .
    Fannie and Freddie were the end purchasers of the mortgages thereby financing the banks with cheap capital to create even more mortgages.
    These mortgages are now mostly owned by the US government.
    And racking up continual losses for which the government must pay.
    Many of the bond securities still held by the banks as ‘reserves’ are marked to fantasy valued as government changed the rules to allow the banks to “value “these assets on their books in this way.
    Billions in value of these ‘securities were purchased “at face value’ by the fed as part of the TARP bailouts.
    Forty % of the AAA sub-prime bonds were sold to foreign buyers. They are not very happy that the SECand the rating agencies connived and conspired with the finance sector to value the bonds as AAA quality investments ,so the good name of the US has been irreparably damaged.
    As the banks were not interested in making money from the mortgages so much in the traditional way but only making profits from the bond deals ,the didn’t even bother to correctly register and properly record the ownership of the mortgages paper being passed on from hand to hand.
    Multiple claims may exist in some cases as the banksters may have engaged in a bit of ‘fractional reserve” type bond bundling .Some mortgage titles may have been listed as assets in different bundled up mortgages bonds and been included in multiple different sub prime bonds etc etc.

    As many of the mortgages have gone bad the banks now often cannot prove they or the bondholders even own the mortgage titles when they attempt to seize the collateral , as they did not even register the mortgages properly as required according to state laws .

    So they have now gone into wholesale fraud creating counterfeit claim papers on property that cannot be proved in law as valid.
    It is not just the banks and bondholders that have problems ,Even many house owners that now have full or partially paid off their houses may not be able to prove there are clear titles if they attempt to sell.
    See also :
    The problems associated with a clogged foreclosure system continue to mount. Foreclosures in 23 states have been halted by major banks after allegations surfaced of various illegal practices.

    It it time and necessary for a Jubilee Year yet?

  7. How about you create a left news column and a right news column, so we who don't want to hear the left progressive babble can just choose the right column articles.

  8. It is kind of creepy that I would have to go allow Microsoft permission to my computer to be able to send you a email on this topic of a global warming scam.

  9. For conservative economic news and views you can just read the everyday "fifth column" MSM news of la la land .

    Is there really a "right"fiscal "conservative" Ponzi bubble fraud fraud analysis and "Left progressive" Ponzi babble fraud analysis ?

    What Then is the difference between the babble and the bubble economic analysis of a Ponzi ?

  10. It's for those who like to have their news, and politics, served neatly on a dish, even if it is watered down. Years of mental programming are speaking for you. Stop the program, use your mind, drop the dead ideology, and just maybe you'll be free.

  11. True 12:13, well put.

    I only watch Glenn Beck even though I don't care for what he says about many things. I only like it when he bashes politicians or points out Progressive weirdos.

    All the other people on Fox are just bogus. Bill O'Reilly for example is basically a person who plays both cards so he can have popularity. His country is burning yet he wants to invite comedians to his show. Those Wallstreet programs are atrocious. I love the way they and other financial "experts" tell people how to make money or what's happening for various businesses... NOTHING REAL!

    Beyond that all the other stations are outright criminal; CNN, NBC, ABC, CBS... even Disney is creepy (well, always was).

    I spend my time reading now. No television, I won't even put on regular shows. It's all embued with corporate or socialist brainwash and propaganda.

    My mental clarity improves daily because it's not being flooded with electromagnetic currents from the flashing images on a box.

  12. The Coming Middle-Class Anarchy

    Note these words in the story at link above:
    TV has given us the illusion that anarchy is people rioting in the streets, smashing car windows and looting every store in sight. But there’s also the polite, quiet, far deadlier anarchy of the core citizenry – the upright citizenry – throwing in the towel and deciding it’s just not worth it anymore.

    If a big enough proportion of the populace – not even a majority, just a largish chunk – decides that it’s just not worth following the rules anymore, then that society’s days are numbered: Not even a police-state with an armed Marine at every corner with Shoot-to-Kill orders can stop such middle-class anarchy.

  13. 12:13 here, and I am one of those you call "progressive weirdos". In other words, I believe this country, this world, has to change, not revert back to the same old "good times" which are just an illusion harking back to an Archie Bunker style reality where white man rules wife from arm chair and Mexicans and Pollocks exist only in a vacuum and socialists and commies hang from a noose. This country is not headed to socialism. You are mimicking what you have heard on the right wing news, or read on websites. Of Course Bill O'Reilly sucks. He is a CREEP. So is Glenn Beck, but it is nice having him wail against PART of the politicians.

    Here's the thing: you are all brainwashed to believe you NEED the state to survive. Democrats want bureaucracy/regulation Republicans want free reign capitalism and a police state to safeguard profits and take away liberties.

    It isnt THE END OF THE WORLD if we stop paying tribute to the system that enslaves. It is merely the dawn of a better one in which that old civilization dies. Time to imagine it, IF YOU CAN. Or die.

  14. In other words, we want anarchy, not middle class nro thugs on the street smashing windows, but real anarchy for all (which literally means the absence of rulers). Unless you prefer to be ruled. And if that is what you prefer you deserve your ultimate fate.


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