12-22-2016, 08:16 PM
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Confirmed User
Industry Role:
Join Date: Feb 2010
Location: California
Posts: 3,068
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Quote:
Originally Posted by onwebcam
Did you even read your own article?
"For secured creditors, a federal receivership can offer the quickest and most cost-effective method of gaining control over a borrower?s collateral upon default. A federal receivership maintains the value of the collateral by allowing the business to continue to operate. The receiver will preserve and protect the collateral as well as the financial integrity of the business as a going concern. In addition, the receiver may be able to stabilize the operations to mitigate further potential losses"
The Fed was on a 20 year contract from 1913 to 1933. During which time it drained US Inc. of it's gold until what happened? Roosevelt was forced to seize the peoples gold to repay it's debt. They have been in receivership operating in perpetual State of Emergency using the Feds paper currency since 1933. FACT
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I did read the article. It says receivership is an alternative to bankruptcy. You said the US is in "bankruptcy receivership"...which means you did not know bankruptcy is different from receivership.
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