Patriots Watch Wisconsin: Day 6, Video 10: “So Goes Wisconsin, so goes the Country”
May 27, 2012 at 2:52 pm in News by Tea Party Patriots 4 Comments
As we check in with the patriots in Wisconsin, activist Kurt Potter is driving a van full of people heading out to canvass the neighborhoods:
“This recall election is going to have national implications. …The more people we can get to help us out, the better off we’re going to be.”
Right he is, and you CAN join the Patriots at no cost to you. Just click here to volunteer – someone will get right back to you!
Click here to view all our videos from on the ground in Wisconsin: https://www.teapartypatriots.org/wisconsin-live/
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Great stuff here! I wish I lived closer to help. Hopefully my $$$ contribution will offset this.
http://market-ticker.org/akcs-www?post=206520
The 15 freshmen Republican representatives in the House Tea Party Caucus each ran in 2010 on a populist anti-Wall Street message, highlighting their opposition to bank bailouts like the 2008 Troubled Asset Relief Program (TARP) and criticizing Washington for enabling the banking sector as it became “Too Big to Fail.”
After winning, all fifteen received significant PAC contributions from the banking industry — and have become a reliable vote and mouthpiece for the financial industry, a ThinkProgress analysis of campaign contributions, voting records and public statements reveals.
It would be nice if they just took money. They did worse.
11 of the 15 co-sponsored this piece of trash; is there any doubt they were bought and paid for?
‘(a) In General- In the examination of financial institutions–
‘(1) a commercial loan shall not be placed in non-accrual status solely because the collateral for such loan has deteriorated in value;
‘(2) a modified or restructured commercial loan shall be removed from non-accrual status if the borrower demonstrates the ability to perform on such loan over a maximum period of 6 months, except that with respect to loans on a quarterly, semiannual, or longer repayment schedule such period shall be a maximum of 3 consecutive repayment periods;
‘(3) a new appraisal on a performing commercial loan shall not be required unless an advance of new funds is involved;
Got it? The fact that the collateral, which was the predicate for the loan in the first place, no longer supports the loan as originally agreed, cannot be used as the reason to place the loan in “non-accrual” (that is, at risk of not performing) status.
But the predicate for the loan being made in the first place was the provision of the collateral; but for that collateral’s actual value the loan would have never been made in the first place!
This is what the so-called “Tea Party” that claimed to be against bank bailouts has supported — literally changing the qualifications on a loan after it is made so that in effect there is no collateral required at all!
This is an attempt to literally approve by legislation the effective counterfeiting of the nation’s currency and you are the victims as your purchasing power will be further destroyed by this bill should it become law.
11 of 15 “Tea Partiers” are co-sponsors.
Fire them all; they’re traitors and mendacious bags of pus.
Fl is a distance away…but I stand with you through $$ contributions. This is not only a WI fight, but one that will be fought nation wide. The days of union corruption will be brought to an end, and the Democratic party will be cut off from their endless supply of money from hard working people who had no voice in how their dues are being used.
If you can come, we can get you here – sign up and check the form where it says, “need assistance”. Patrick and Maryanne, you guys are the kind of people that WI needs to help push back the assault on representative democracy which is what this public, special interest generated demand for an election “do over” amounts to.