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HR 1161 is a bailout for those buried in derivatives. The new law would make the netting of profit and loss zero balance in a transaction in case of financial failure of the grantor. It would sanitize derivatives. Supposedly the proposal is to reduce systemic risk through settlement programs in an unregulated market. The President’s Working Group on Financial Markets, also known as the "Plunge Protection Team", would render recommendations. The group has been manipulating our financial markets for the greater good of our elitist cabal. Players are Chairman of the FED, President of the New York FED, Chairman of the SEC and CFTC and the Secretary of the Treasury. This bill would give these foxes the run of the hen house and give them the legal ability to slaughter at will. This Financial Contract Netting Improvement Act of 1999 would supposedly strengthen the provisions of the Federal Deposit Insurance Act and bankruptcy laws that protect the enforceability of contractual rights to terminate and close out certain capital markets transactions, net the amounts payable by each party, and foreclose on any collateral. Thus, again through cooking the books, the entire derivatives fiasco could be neutralized allowing the players to escape the penalty of their errors. We have heard it said if the bill weren’t passed the financial system would collapse. That may be true, but all those crooks would be let off the hook. These people need to be confronted and made to pay for their ignoble activities. If they are not forced to pay they will go right on manipulating our markets and controlling our lives We believe you all should contact your elected representatives and tell them you are against this bailout bill. If you don’t you commit yourself to financial servitude. It’s about time we all bit the financial bullet and allowed the system to be purged of its evils and the financial monopoly that controls it. We see the Plunge Protection Team manipulating the market everyday and we see its gold manipulation cartel at work 24 hours a day. If you want more of this do nothing. If you want to stop these criminals once and for all, go to your representatives. Remember once absolved of what they’ve done they’ll be back doing it again in nothing flat. This may be the only opportunity we’ll ever have to take these people down, let’s not let it slip through our fingers. (Note: The above paragraph is repeated in the Gold section).
