From the S&A
Digest:
If you want to see what a group of
power-mongering maniacs looks like,
go no further than
here.
These people support higher taxes on
incomes more than $1 million. A bunch of
them have signed their names in support
of it.
If they want to write the government a
bigger check, what's stopping them?
Nothing. But that's not what
they want.
They're a bunch of overeducated
hypocrites (like Michael Steinhardt and
Nouriel Roubini) who think they know how
to run your life better than you do. They
think they have all the answers. And by
God, they're going to shove them straight
down your throat.
You're not a fellow citizen to them.
You're more like a goose who's been
force-fed to fatten up his liver so they
can cut it out and eat it as foie gras.
Warren Buffett started this baloney.
Again, if Buffett loves the government so
much, he can write them as large a check
as he'd like. No one is stopping
him.
Raising taxes on income is a great way to
generate LESS tax revenue on those
incomes, not more...
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From
SHTFplan:
Whip out those cell phones and video
cameras – we have great news!
It's official, and the message to public
servants is clear –
Americans' right to video record
police while they are executing their
duties in a public venue fits comfortably
within first amendment
activity:
Hear ye, hear ye!!
The First Circuit Court of Appeals – the
highest federal court for New England
just below the U.S. Supreme Court – last
Friday handed down a ground-breaking
decision defending our right to videotape
the police and other public officials as
they engage in their official
duties…
… On Friday, the First Circuit agreed. In
a decision that reads like an ode to the
First Amendment as key to both liberty
and democracy, the court wrote...
"such protections
should have been clear to the
police all along, noting that the right
to videotape police carrying out their
duties in a public forum is “fundamental
and virtually
self-evident”...
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From Zero
Hedge:
In a move that could either send BAC
stock-limit down overnight or send it
soaring (we are still trying to figure out
just what is going on here), the NYT
has broken major news that the U.S. is
preparing to go nuclear on more than a
dozen big banks among which Bank of
America, JPMorgan Chase, Goldman Sachs, and
Deutsche Bank, in an attempt for Fannie and
Freddie to recoup $30 billion... if not
much more.
The lawsuit is expected to hit the docket
in the next few days: "The suits stem from
subpoenas the finance agency issued to
banks a year ago. If the case is not filed
Friday, they said, it will come Tuesday,
shortly before a deadline expires for the
housing agency to file claims."
Now, taken at face value, this would mean
that Bank of America can kiss its ass
goodbye as unlike the Walnut Place
litigation, this will take place in Federal
Court where Article 77 is not applicable.
Yet, there is something that gives us
pause: namely logic, captured by the
following words: "While I believe that
F.H.F.A. is acting responsibly in its role
as conservator, I am afraid that we risk
pushing these guys off of a cliff and we're
going to have to bail out the banks
again...
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