It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
As if $600 million in missing customer funds were not enough, recent news emanating from the debacle that defines the bankruptcy of MF Global puts the estimated misappropriation of customer funds at a cool $1.2 billion. Yes, billion with a B!
Those involved in the markets would easily ascertain that those manning the MF Global ship redirected these customer funds in an attempt to save the ship as it was going down. The customers themselves remain in a state of shock and bewilderment as to how this reality might ever have come to pass.
Meanwhile, the outrage in America burns while the lack of trust and confidence in the markets, the market makers, and those charged with protecting investors grows stronger by the day.
wallstreetonparade.com...
Smith is the 33-year old derivatives executive at Goldman, Sachs & Co. who published his blistering resignation letter on the OpEd page of the New York Times. According to Smith, managing directors at Goldman call their clients muppets and openly speak about “ripping their clients off.” Smith said the environment at the firm is “as toxic and destructive as I have ever seen it.”
The OpEd was published on Wednesday, March 14, and went viral on the internet. Next came a mesmerizing look at the underbelly of crony capitalism. The Mayor of the city that sent its police in the dead of night to rough up journalists and censor press coverage of their raid and destruction of the Occupy Wall Street encampment at Zuccotti Park in lower Manhattan, is condoning Wall Street employees manning a spy center alongside NYPD cops to keep tabs on protestors, and rents out uniformed, armed cops to Wall Street firms, went into damage control mode for his pals at Goldman over Smith’s letter.
Originally posted by Jean Paul Zodeaux
reply to post by Danbones
Thank you for that clarification, Brother. I had a difficult time interpreting your post and it struck me as being uncharacteristic of the member I have come to know and love. Your clarification is more than greatly appreciated. I just knew your point was in favor in freedom, and not how I first interpreted that post.
In the precedents of this Court, the claims of individuals—not of Government departments—have been the principal source of judicial decisions concerning separation of powers and checks and balances. For example, the re-quirement that a bill enacted by Congress be presented to the President for signature before it can become law gives the President a check over Congress’ exercise of legislative power. See U. S. Const., Art. I, §7. Yet individuals, too, are protected by the operations of separation of powers and checks and balances; and they are not disabled from relying on those principles in otherwise justiciable cases and controversies. In INS v. Chadha , 462 U. S. 919 (1983) , it was an individual who successfully challenged the so-called legislative veto—a procedure that Congress used in an attempt to invalidate an executive determination without presenting the measure to the President. The procedure diminished the role of the Executive, but the challenger sought to protect not the prerogatives of the Presidency as such but rather his own right to avoid deportation under an invalid order. Chadha’s challenge was sustained. A cardinal principle of separation of powers was vindicated at the insistence of an individual, indeed one who was not a citizen of the United States but who still was a person whose liberty was at risk.
Just as it is appropriate for an individual, in a proper case, to invoke separation-of-powers or checks-and-balances constraints, so too may a litigant, in a proper case, challenge a law as enacted in contravention of constitutional principles of federalism. That claim need not depend on the vicarious assertion of a State’s constitutional interests, even if a State’s constitutional interests are also implicated.
In this case, however, where the litigant is a party to an otherwise justiciable case or controversy, she is not forbidden to object that her injury results from disregard of the federal structure of our Government. Whether the Tenth Amendment is regarded as simply a “ ‘truism,’ ” New York , supra , at 156 (quoting United States v. Darby , 312 U. S. 100, 124 (1941) ), or whether it has independent force of its own, the result here is the same.
Originally posted by getreadyalready
Originally posted by thisguyrighthere
Reply to post by getreadyalready
Isn't enforcing a law you disagree with not unlike prostitution?
Posted Via ATS Mobile: m.abovetopsecret.com
In-line with your earlier post.... you think even prostitutes enjoy their job from time to time, and they just endure the rest?
I think our country was founded upon the idea of majority rules. I enforce laws that the majority has decided were important, but I personally disagree with. I never lie, I never claim to agree with them, and I often empathize with those affected, but I still do the job I am paid to do and enforce the laws the majority has decided upon.
The ones that are difficult are where it is budgetary concerns forcing the departments to enforce petty stuff with maximum penalty instead of dedicating resources on difficult stuff with the possibility of no penalty in the end. On the one hand, the departments have an economic responsibility to tax payers to show results, but this contradicts the responsibility to use fairness and discretion and go after the most serious offenders and ignore the easy stuff.
Afterwards, of course, there were endless discussions about the shooting of the elephant. The owner was furious, but he was only an Indian and could do nothing. Besides, legally I had done the right thing, for a mad elephant has to be killed, like a mad dog, if its owner fails to control it. Among the Europeans opinion was divided. The older men said I was right, the younger men said it was a damn shame to shoot an elephant for killing a coolie, because an elephant was worth more than any damn Coringhee coolie. And afterwards I was very glad that the coolie had been killed; it put me legally in the right and it gave me a sufficient pretext for shooting the elephant. I often wondered whether any of the others grasped that I had done it solely to avoid looking a fool.
Originally posted by Jean Paul Zodeaux
reply to post by Bakatono
Shooting an Elephant is a fantastic read!
Spoiler Alert!!!
Afterwards, of course, there were endless discussions about the shooting of the elephant. The owner was furious, but he was only an Indian and could do nothing. Besides, legally I had done the right thing, for a mad elephant has to be killed, like a mad dog, if its owner fails to control it. Among the Europeans opinion was divided. The older men said I was right, the younger men said it was a damn shame to shoot an elephant for killing a coolie, because an elephant was worth more than any damn Coringhee coolie. And afterwards I was very glad that the coolie had been killed; it put me legally in the right and it gave me a sufficient pretext for shooting the elephant. I often wondered whether any of the others grasped that I had done it solely to avoid looking a fool.
Better to be the fool and on the side of justice than seeming wise in spite of justice.
Originally posted by getreadyalready
Originally posted by thisguyrighthere
Reply to post by getreadyalready
I
In-line with your earlier post.... you think even prostitutes enjoy their job from time to time, and they just endure the rest?
I think our country was founded upon the idea of majority rules. I enforce laws that the majority has decided were important, but I personally disagree with. I never lie, I never claim to agree with them, and I often empathize with those affected, but I still do the job I am paid to do and enforce the laws the majority has decided upon.
The ones that are difficult are where it is budgetary concerns forcing the departments to enforce petty stuff with maximum penalty instead of dedicating resources on difficult stuff with the possibility of no penalty in the end. On the one hand, the departments have an economic responsibility to tax payers to show results, but this contradicts the responsibility to use fairness and discretion and go after the most serious offenders and ignore the easy stuff.
Originally posted by getreadyalready
reply to post by Jean Paul Zodeaux
"You guys want to be arrested for your cause of lemonade liberation."
Would have been funnier if she said libation.
I have to admit, I often use this excuse. I do some things in my job I don't often agree with, but we are enforcing the statutes as written. If someone wants to change the statutes, they need to contact their legislator, not the officers enforcing the laws. It is a lame excuse, but I also need my job!
Maybe, you do have a valid point on zoning to some degree, but show me lemonade stand that has blocked or filled a road for days, I could be wrong but I think it's a gross exaggeration and you know just like me the reason these regulations were passed, was not for kids lemonade stands but for street vendors and carts.