Comments on: Update About “Most Mortgages Are Probably Invalid”

By: DLS

DLS — Fri, 30 Oct 2009 16:33:51 +0000

“[I]t gives a dictatorial amount of power to the Executive in a formal way, and that opens the gates for problems down the line.”

It also opens the gates for other dictatorial amounts of power, over other things in addition to finance, later.

By: mikkel

mikkel — Fri, 30 Oct 2009 05:57:58 +0000

Yes I was putting together a post on that sometime tomorrow. I don't want it to just be a quick driveby post but a more detailed post that draws the parallels between what they are doing and what Bush did regarding torture. While both operated to various degrees over the last (especially 30) years, I find the formalization of them into the legal structure to be highly disturbing and a threat to law and order and our government on a core level.

Just as I said with Bush and his programs…even if you did think Obama had the best judgement, the fact is that it gives a dictatorial amount of power to the Executive in a formal way, and that opens the gates for problems down the line.

By: DLS

DLS — Thu, 29 Oct 2009 16:51:28 +0000

Mikkel -- are you aware of what ObamaCo and people in Congress like Barney Frank are attempting now, under the guise of "financial regulatory reform"?

The proposed new legislation is shocking in its extremism and scope, and in its audacity -- it includes one or more provisions for

"regulators to manage and shut down large financial firms that threaten economic stability and require industry to foot the bill for FDIC resolutions"

http://www.reuters.com/article/ousivMolt/idUSTR...

This is alarming (though not surprising from these lib Dems with ambition and totalitarian leanings).

It may be worth starting a new thread about it. (If so, you're free to delete this posting, on this thread.)

By: dduck12

dduck12 — Thu, 29 Oct 2009 15:01:57 +0000

Thank for the clarification.