Comments on: POOLE STATES FED CANNOT HELP FEDERAL HOME LOAN BANKS http://bankimplode.com/blog/2008/01/19/poole-states-fed-cannot-help-federal-home-loan-banks/ Tue, 06 Mar 2012 18:32:20 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Dennis Johnson http://bankimplode.com/blog/2008/01/19/poole-states-fed-cannot-help-federal-home-loan-banks/comment-page-1/#comment-68 Dennis Johnson Thu, 07 Feb 2008 04:59:33 +0000 http://bankimplode.com/blog/?p=60#comment-68 One should keep in mind that FDIC may also have to pay pre-payment penalties to FHLB on the defaulted mortgages. It appears that the legislators intended for one GSE to make penalty payments to another GSE. I'm having a difficult time trying to find constitutional authority for that! OOPS, I guess I couldn't find constitutional authority for the GSEs either....OH WAIT ---- how about authority for our entire fake money system? When will We The People wake up and see that all of this nonsense is just simply going to implode? One should keep in mind that FDIC may also have to pay pre-payment penalties to FHLB on the defaulted mortgages.

It appears that the legislators intended for one GSE to make penalty payments to another GSE. I’m having a difficult time trying to find constitutional authority for that! OOPS, I guess I couldn’t find constitutional authority for the GSEs either….OH WAIT —- how about authority for our entire fake money system?

When will We The People wake up and see that all of this nonsense is just simply going to implode?

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