Federal Bankruptcy

A bit of a rant by attorney David Kelly (Dave) about claims advertised by debt settlement companies. Some of them try to imply that they have secret information that nobody knows but them. Others suggest that their program is part of some sort of government program or stimulus package. Some even want you to believe that their program has been set up by President Obama. Dave’s recommendation is that you should stick with agencies that are non-profit and approved by the Justice Department for pre-bankruptcy counseling. If the agency does not have that approval, run the other way. Lots of times debt settlement counseling is not enough. You might have little choice but to file a Chapter 7 or Chapter 13 Bankruptcy. If you find yourself considering that, feel free to call Dave Kelly at 952-544-6356. He can do a no-cost screening over the phone and give you a pretty good idea of what you qualify for. Kelly Law Office is a Debt Relief Agency, helping people to file for relief under the federal bankruptcy code. This video is advertising. It is for general information purposes only and does not create an attorney-client relationship. Everything stated here is an opinion, not a promise. You should consult the attorney of your choice concerning the details of your case. David J. Kelly Attorney at Law, PA Kelly Law Office 10709 Wayzata Blvd. #205 Minnetonka, MN 55305 952-544-6356 www.mn-bankruptcy.com

On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. “There was literally a pause in that room where the oxygen left,” says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars’ worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. “Rumors are such that they can just plain put you out of business,” Bear Stearns’ former CEO Alan “Ace” Greenberg tells FRONTLINE. The company’s stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. “It was clear that this had to be contained. There was no doubt in his mind,” says Bernanke’s colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. “He more than anybody else appreciated what would happen if it got out of control,” Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns …

Max Keiser talks to Stacy Herbert about the american dollar and the end of America. recorded on January 23rd 2010