Liberty Maven

For those of you who aren’t aware of Robert Schulz’s legal revolution against the U.S. Government, he is one of the strongest defenders of our Constitution today.  He has had each and every Congressman served with the Petitions for Redress of Grievances, justly asserting that the U.S. Government has abandoned the Rule of Law as defined by the People via the Constitution.  If he experiences complete success, Constitutional Order will be restored.

His latest courageous action has been to go after Washington for it’s epidemic Wall Street bailouts.

United States District Court in Albany seeking to halt the execution of the emergency bailout of Wall Street insurance giant American Insurance Group, AIG. On Wednesday, Schulz filed a second federal lawsuit seeking to block the larger Wall Street bank bailout currently being negotiated through the U.S. Congress.

Yesterday, while ignoring the dissimilar legal issues raised in the two lawsuits, the U.S. District Court issued an Order combining the two cases into a single case and denying the applications for injunctive relief requested.  The Court, in effect, ducked a judicial (and very public) hearing to examine the critical legal question at the heart of the bailouts: What Constitutional authority exists for the U.S. Government or Federal Reserve to use public (taxpayer) funds for definitively private purposes?

Again, what legal authority allows the U.S. Government to directly purchase the distressed assets and contracts of privately owned Wall Street firms for the express purpose of mitigating their private investment risks and losses? 

Together, the lawsuits assert that the commitment of public funds and credit for the direct benefit of privately owned banks is an ultra vires act by the United States Government and Federal Reserve, i.e., beyond the limited legal authority granted by the Constitution. Both lawsuits had asked for a “show cause” hearing demanding that the Government defendants produce evidence of their alleged legal authority to commit public funds for such purposes, as well as emergency and permanent injunctions halting the bailout efforts.

If you are interested in the full story, including why the Courts fearfully dismissed the lawsuits erroneously, as well as what you can do about it, then please click here.