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SEC Destroys California
The Market Ticker ^
| 7.10.09
| Karl Denninger
Posted on 07/10/2009 7:37:39 AM PDT by rvoitier
click here to read article
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1
posted on
07/10/2009 7:37:39 AM PDT
by
rvoitier
To: rvoitier
The SEC did not destroy California. California committed suicide.
2
posted on
07/10/2009 7:40:14 AM PDT
by
P-Marlowe
(LPFOKETT GAHCOEEP-w/o*)
To: rvoitier
It is not at all difficult to see why this is happening.
The ELECTORAL VOTES of Taxifornia are critical to the Socialist Party.
3
posted on
07/10/2009 7:40:33 AM PDT
by
EagleUSA
(if)
To: rvoitier
California was destroyed by liberals far before the SEC.
4
posted on
07/10/2009 7:40:48 AM PDT
by
DCBryan1
( Arm Pilots&Teachers. Build the Wall. Export Illegals. Profile Muslims. Execute child molesters RFN!)
To: rvoitier
No The Democrats destroyed California by pandering to illegal aliens.
Deport them all now
To: rvoitier
If a state owes you a tax refund and does not pay it, can you withhold any future tax payments up to the amount that is owed plus interest...and penalties?
6
posted on
07/10/2009 7:42:00 AM PDT
by
Dr.Syn
To: rvoitier; Grampa Dave
7
posted on
07/10/2009 7:42:14 AM PDT
by
tubebender
(I just discovered where all my lost tag lines went...)
To: rvoitier
California's new state bird.
8
posted on
07/10/2009 7:45:16 AM PDT
by
TSgt
(Extreme vitriol and rancorous replies served daily. - Mike W USAF)
To: P-Marlowe
Without getting into the unnecessary “they did it to themselves” argument I really did wonder about these CA IOU’s.
If they were issued as 90 day type bearer bond notes with 3.75% interest how were they NOT subject to SEC regulation?
To: rvoitier
I saw some previews on TV. I was excited to see it, it was a 1/2 hour program deal and I’d never seen Borat.
This Bruno stuff was boring. I stopped watching after about 5 minutes.
10
posted on
07/10/2009 7:49:30 AM PDT
by
Woebama
(Paying for my neighbor's mortgage and Wall Street's bonuses sure is hard.)
To: troy McClure
No The Democrats destroyed California by pandering to illegal aliens. Deport them all now
Then let's get started doing something about the illegal aliens...
11
posted on
07/10/2009 7:57:24 AM PDT
by
Onelifetogive
(See www.buyingapuppy.com for News on Dogs and Puppies)
To: rvoitier
...if you try to sell these "securities" for immediate cash. CA has declared that selling their IOUs requires notarization of approved transfer from the original payee - practically prohibiting selling these "securities" for immediate cash.
The Soviet Union's last straw was inability to pay obligations. These IOUs are effectively non-transferrable low-interest high-risk securities - an obfuscated way of saying CA isn't paying obligations.
12
posted on
07/10/2009 8:03:35 AM PDT
by
ctdonath2
(John Galt was exiled.)
To: Onelifetogive
They won’t cower and submit.
They’ll rally for Aztlan.
Ya ready to take on 10,000,000 CA residents declaring state independence?
13
posted on
07/10/2009 8:05:04 AM PDT
by
ctdonath2
(John Galt was exiled.)
To: rvoitier
Now all that remains is for Treasurerury or the Fed to open a facility to back the securities. Presto, chango, allakazham, you have solved the crisis. We are witnessing the birth of a new currency.
To: Dr.Syn
If a state owes you a tax refund and does not pay it, can you withhold any future tax payments up to the amount that is owed plus interest...and penalties?
Maybe not interest and penalties, but possibly the principal. The Federal Govenment allows taxpayers to offset refunds against future payments of estimated tax. If a state, like California, allows such offsets, then that would be a good way to collect an unpaid refund.
To: rvoitier
Another reason why Texas must undertake its right under Union entry and secede from the mess that is now the USA
To: rvoitier
The man is quite correct.
17
posted on
07/10/2009 8:10:36 AM PDT
by
Lurker
(The avalanche has begun. The pebbles no longer have a vote.)
To: rvoitier
Now all that remains is for Treasurerury or the Fed to open a facility to back the securities. Presto, chango, allakazham, you have solved the crisis. We are witnessing the birth of a new currency.
To: Dr.Syn
19
posted on
07/10/2009 8:23:19 AM PDT
by
Grampa Dave
(Does Zer0 have any friends, who are not criminals, foreign/domestic terrorists, or tax cheats?)
To: FreedomNotSafety
We are witnessing the birth of a new currency. Yeah, never mind that pesky Constitution.
I shudder to think what consequences all this Alinskyite destruction will bring.
20
posted on
07/10/2009 8:23:25 AM PDT
by
TChris
(There is no freedom without the possibility of failure.)
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