http://www.wethepeoplefoundation.org/PROJECTS/AIG/AIG-PressReleaseSept18-2008.pdf We The People Foundation For Constitutional Education, Inc. 2458 Ridge Road, Queensbury, NY 12804 Tel: (518) 656-3578 Fax: (518) 656-9724 info@givemeliberty.org www.givemeliberty.org- 30 - FOR IMMEDIATE RELEASE : Contact: Bob SchulzSeptember 18, 2008, 3:00 PM (518) 656-3578 Federal Lawsuit Filed to Stop AIG Bailout U.S. Lacks Constitutional Authority for Emergency Loan Queensbury, NY -- On the day following the 221st anniversary of the signing of the U.S.Constitution, WTP Chairman and constitutional activist Robert Schulz today filed a federal lawsuit in United States District Court in Albany seeking to halt the execution of the emergency bailout of American International Group, Inc. (AIG) by the United States Government and the Federal Reserve. The lawsuit asserts that the commitment of public funds and credit for the direct benefit of privately owned AIG is an ultra vires action by the United States Government and FederalReserve , i.e., beyond the limited legal authority granted by the Constitution. The lawsuit asks fora "show cause" hearing demanding that the Government produce evidence of its legal authority BoNational Whistleblower Center okmark & Share | © Add This |
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