[Graewoulf]

When Democrat Corzine assigned un-wanted debt to MF Global clients by investing their money, it was a violation of Federal rules. Corzine may go to jail.

When Democrat Obama assigned un-wanted Debt to US taxpayers by “investing” their money, it was NOT a violation of Federal rules. Obama may be re-elected.

BTW, everybody really should do “their fair share.”

[Tenacious 1]

When Democrat Corzine assigned un-wanted debt to MF Global clients by investing their money, it was a violation of Federal rules. Corzine may go to jail.

When Democrat Obama assigned un-wanted Debt to US taxpayers by “investing” their money, it was NOT a violation of Federal rules. Obama may be re-elected.

Why stop there? What about BOND HOLDERS of GM prior to the Government take over? Forget about laws. The Federal Government by edict decided to dismiss the bond (loaned money) liabilities to actual humans, cancel the stock share liabilities to investors (or confiscate) and assign partial ownership of General Motors to the UAW (autoworkers union) so that whatever capitol was left would go to union pensions.

How can any investor or business have any more trust or confidence in the US investment economy than that of Venezuela where they just confiscate actual assets and money?

We opine about how forcing Americans to purchase a service is unconstitutional. But for the sake of law in America, what case can be made that any debt, contract, deed or trust is safe if our own government ignores limits established in the Constitution and written in thousands of page of legal judgments and legislature over the past 200 years?

The next president is going to have to make the following statement and then lead the nation in demonstrating by example,

"From this point on, no company or business or government program is to big or to important to fail. I will propose a constitutional amendment that will definitively ban the federal government from funding failing businesses through grants, loans, stock purchase or any other means short of legislated tax breaks."

[blackdog]

Corzine's actions in their totality and the political sideshow will create a run on the banks once it all gets a chance to be absorbed by the public in their time.

If the former all-star governor of New Jersey can't explain what he did with billions of dollars which just vanished, the entire system shares the same weaknesses.

Without frog-marching the guy in a perp walk and throwing away the key, it's just a matter of months until it all goes "poof".