Frank Beckmann confirms 'Are Michigan Banks being looted?' by Feds

Frank spoke of the show on Bank closure and confirmed it true as I wrote of it and added Auto Bankruptcies as clear proof of ADMIN ignoring Constitution.

---------- Forwarded message ----------
From: FBTalk <fbtalk@comcast.net>
Date: Thu, Nov 19, 2009 at 8:07 PM
Subject: Re: E-mail Frank Beckmann ENTRY
To: "R. George Dunn" <rgeorgedunn@gmail.com>


George.....You heard correctly....This administration has continually ignored the constitution (see Chrysler and GM bankruptcies for perfect examples)....FB

On Nov 18, 2009, at 6:10 PM, <wjr@listenerclub.com> <wjr@listenerclub.com> wrote:

> Originated from: http://www.wjr.net/Sectional.asp?id=6552
>
>
> First Name: R. George
> Last Name: Dunn
>
> E-mail: rgeorgedunn@gmail.com
>
>         Alger,
>
> 1. Your Message
> ANSWER: Frank,  I seen no podcast for this interview with the banker.  please read thru to understand the depth of what I heard.
> ----- Original Message -----
> From: R George Dunn
> To: Mike Goschka ; Glenn Beck ; Saulius "Saul" Anuzis ; Jack Hoogendyk
> Sent: Wednesday, November 18, 2009 5:50 PM
> Subject: Are Michigan Banks being looted?
>
>
> This is serious if true.
> George
>
> ----- Original Message -----
> From: R. George Dunn
> To: rgdunn@veionline.com
> Sent: Wednesday, November 18, 2009 4:07 PM
> Subject: [SPAM] [Northern Light] Are Michigan Banks being looted?
>
>
> Listened to Detroit's Frank Beckmann on WJR 760 AM, 11/18/09 :
> The CEO of a Closed Michigan Community Bank in Warren told the story of how in Michigan all the Michigan oriented community Banks were being manipulated by the Federal Government in order for multi-national banks to buy up assets and use them anywhere in the world to make a profit, while shorting the State of Michigan of needed capital to thrive.
>
> Here is what he said happened.  The Federal came in with an audit finding a need to move assets from capital use to Reserves.  Due to the fall of property values, the assets of the bank did not fit the required more reserve for balance.  So the bank did so.  Then comes another inspection on the balance finding that the capital assets of the bank and the loans given do not comply with law.  The Bank CEO told them that we have moved it to the reserve!  The answer was 'that does not matter'.  The Federal Government closed the bank and sold the tangible assets.
>
>
> *
> The Constitution does not limit the power of a State regarding intra-banking nor give the Federal government authority beyond inter-state needs.  I suggest Michigan put a limit on this removal of assets for commercial gain caused, via Federal powers over-extended, by edicting the action of the Federal Government as "null and void.  Request recent closed banks be reviewed for re-establishing closed banks.
>
> Is there an inspector General operating today or are they all afraid based on how the first Inspector stood and got ran over.  Where is he today?
>
> R. George Dunn
>
> If the Government took the assets from our banks and gave them to foreign investors for collateral, would that mean we would lose all our sovereignty in default?
>
>
> --
> Posted By R. George Dunn to Northern Light at 11/18/2009 04:07:00 PM
>

--
If everyone knew all there is to know, they would not do half the things they do, including myself, therefore I must foregive them, including myself.