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To: M. Dodge Thomas
the insurers and bankers complained of the burden of having to comply with regulators in 50 states, saying it was a very costly system that "provides no advantage to the consumer."

I would safely say the "very costly" means the insurers and bankers expend money to comply with the regulations.

With that being the case, consider the following:

SUPREME COURT OF THE UNITED STATES

No. 98—963 JEREMIAH W. (JAY) NIXON, ATTORNEY GENERAL OF MISSOURI, et al., PETITIONERS v. SHRINK MISSOURI GOVERNMENT PAC et al.

ON WRIT OF CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE EIGHTH CIRCUIT

[January 24, 2000]

Justice Stevens, concurring.

"...therefore, I make one simple point. Money is property;"

Amendment V

"nor shall private property be taken for public use without just compensation."

If I was the CEO of an "insurers and bankers" I would quit complying with the regulations until my institution was compensated for the taking for the public use because otherwise the regulations are unconstitutional.

2 posted on 06/15/2005 10:08:01 AM PDT by tahiti
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To: tahiti
If I was the CEO of an "insurers and bankers" I would quit complying with the regulations until my institution was compensated for the taking for the public use because otherwise the regulations are unconstitutional.

Interesting you should bring that up - just the other day I was telling the judge:

"Your honor, I was going 70 miles and hour in a school zone, but the constitution is on my side.

Money is property, Justice Stevens even said so.

And as everyone knows, "Time is money".

So time is property, and I'm not complying with the speed limits until the government compensates me for "taking" the time I lose by complying with traffic regulations, because otherwise the speed limits are unconstitutional."

And - can you believe it - the old fool just fined me $250, and told me I was an idiot.
3 posted on 06/15/2005 11:39:04 AM PDT by M. Dodge Thomas (More of the same, only with more zeros on the end.)
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