USDC Order Obstructing Bailout Block Lawsuit Appealed to U.S. Court of Appeals

September 30, 2008

USDC Order Obstructing Bailout Block Lawsuit Appealed to U.S. Court of Appeals

An emergency appeal challenging a ruling by the U.S. District Court in Albany denying two requests for emergency injunctions to halt the Wall Street bailouts was filed today in the U.S. Court of Appeals for the Second Circuit in Manhattan. As the bailout crisis evolved rapidly over the last ten days, We The People Foundation Chairman Bob Schulz filed two lawsuits seeking to block the bailouts by challenging the underlying authority of the Government. The appeal seeks to overturn a ruling late last week by the District Court gutting requests for an emergency hearing at which representatives of the U.S. Treasury, Federal Reserve and U.S. Congress would have been forced to publicly produce evidence establishing the Constitutional and/or statutory authority permitting the AIG and $700 billion bailout packages. (continued...) Click Here To Access the Full Update