Originally posted on Reclaim Our Republic: Make the Los Angeles National Veterans Home Great Again! VA Must Impose Strict Sanctions Against Non-Veteran Occupants July 26, 2018 By Robert L. Rosebrock Fellow Veterans and Friends of Veterans: Yesterday, I attended the Los Angeles VA’s “Quarterly Veterans Town Hall Meeting” and the VA’s “leadership team” confirmed their incompetence,…
Collins et al v Mnuchin et al, 5th App Cir No 17-20364 (Jul 16, 2018)
The 5th Circuit Court of Appeals denied damage awards to three investors who claim they lost money as shareholders in Fannie Mae and Freddie Mac due to the toxicity of the 2008 mortgage markets and challenged the constitutionality of the Federal Housing Finance Agency. The Fifth Circuit failed to award damages (as expected) to the investors but ruled that the FHFA, by its very structure was unconstitutional due to the way it was structured to act as a conservator for the two GSE’s and thus violating the Separation of Powers Clause. You can bet that the FHFA will appeal this ruling to save its own ass.
As you recall, the CFPB met similar fate in a ruling issued by a federal judge in New York. The ruling is here:
CFPB et al v RD Legal Funding et al, U.S. S.D. NY No 17-Civ-890 (Jun 21, 2018) 00890-Order
Why doesn’t any of this surprise me? This is why we need public banking. The U.S. Government has set up legislation to protect the banks under 12 U.S.C. but it shows a poor example of financial leadership when its own GSE’s operate without transparency, hiding behind a wall of assignments and secrecy in the land records. Most people recognize that when you put money into an investment vehicle, you risk losing it, which is exactly what happened to the three investors who sued Fannie and Freddie through the FHFA.
Tough toodles on the investors, huh? Why do people keep trusting that the U.S. Government is managed by sound financial policy when its own Congress is self-serving and bipolar in its very nature. This is why we need public banking and to hell with the federal reserve. We have one public bank (The Bank of North Dakota) that IS properly managed and is financially sound (which represents the interests of business and consumers in that State). However, that being said, fiat currency is fiat currency and as long as we have Congress writing checks its body can’t cash, further driving us as a nation into debt, taxing its citizens into oblivion, using “Federal Reserve Notes” (promises to pay) as legal tender, this country is in trouble, because there’s nothing backing that debt. We went off the Gold Standard in 1975 (thanks to Nixon).
Most people also do NOT recognize that Fannie Mae and Freddie Mac are administrators for their own REMIC trusts, despite the fact that when properties are converted by assignment and “alleged transfer” to a given GSE that it is likely that the actual REMIC it manages it never mentioned. Thus, it raises suspicions that the quasi-government entities created to back the mortgage and housing markets are swindlers on paper!
JOHANNESBURG (AP) – A 10-year-old girl has bled to death after undergoing female genital mutilation in Somalia, an activist said, a rare confirmed death in the country with the world’s highest rate of the practice.
The girl died in a hospital on Monday, two days after her mother took her to a traditional circumciser in a remote village outside Dhusamareb town in central Galmudug state, Hawa Aden Mohamed with the Galkayo Education Center for Peace and Development said in a statement.
“The circumciser is suspected to cut an important vein in the course of the operation,” Mohamed said.
About 98 percent of women and girls in the Horn of Africa nation undergo female genital mutilation, according to the United Nations. While Somalia’s constitution prohibits the practice, Mohamed said no laws have been enacted to ensure that those who perform the circumcisions are punished.
Lawmakers are “afraid of losing their political clout among the all-powerful conservative traditional and religious groups bent at retaining the practice,” she said.
Health workers have warned against the risks of the practice which in most cases the external genitalia is removed and the vagina is sewn almost closed.
Despite campaigns in Somalia against the practice it is “clouded in secrecy, so reducing it has been a massive challenge,” said Brendan Wynne with the New York-based Donor Direct Action, which connects women’s activists worldwide.
Over 200 million women and girls in 30 countries across three continents have experienced genital mutilation, U.N. Secretary-General Antonio Guterres said earlier this year, calling it a “gross violation of the human rights of women and girls.”
The U.N. Population Fund projects that the estimated 3.9 million girls subjected to genital cutting every year will rise to 4.6 million by 2030 due to expected population growth unless urgent action is taken.
The Ultimate of Lies fed to Americans and the World! Summer Sea Ice Is Causing Havoc for Shipping in the Arctic In this July 21, 2017 file photo, broken sea ice emerges from under the hull of the Finnish icebreaker MSV Nordica as it sails through the Victoria Strait while traversing the Arctic’s Northwest Passage. […]