Regulation by hemlock

Grassley Suggests AIG Execs `Resign or Commit Suicide'

Bloomberg News, 3/17/09

The AIG fiasco just keeps getting more absurd. Unless you work for AIG because ACORN, the folks who have made an industry of voter registration fraud, have organized a guided "victim selection" tour for anyone less patient that Grassley. (The Stamford Advocate reported on Monday that 3 of 4 passengers were members of the media, a fact not reported elsewhere).

I'm sticking with my earlier forecast of GM, Chrysler, and/or AIG bankruptcies by May, although I suspect Congress would rather, and will, flush more billions & trillions down the drain first. After all, what's more important, our tax-dollars or their 15-second sound-bites?

Even Obama is now complaining about AIG's bonuses. Well, guess what, a federal bankruptcy judge has the authority to nullify employment and other contracts but the POTUS does not. It's called "law". Bankruptcy courts were established by Article I Section 8 of the U.S. Constitution, a document which also prohibits 'bills of attainder' such as Congress voted for a few days ago (the bonus tax).

Instead, we are getting incitements for mob violence. Well, after all, that is what "community organizers" do for a living: 'legislate' by threat & intimidation. (Which sounds like what state attorney generals do, extort & legislate by threat & intimidation.)

"Can't anyone here play this game!"

Soft on terrorism, tough on AIG. It's going to be a long century!

JRB

3/23/09