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Criminal Law

Crime & Federalism

Discussing recent news and court opinions, with an emphasis on federalism, criminal law, and civil rights actions.

Post Frequency: 8.6/day

Last Entry: April 01, 2011 at 15:45:19

We Deserve What We Get

Posted on October 17, 2008
Whites: Blacks:

Paulson to Bail Out Hedge Funds?

Posted on October 16, 2008
The bailout keeps getting better:In a separate interview on Bloomberg television, Paulson refused to rule out the possibility that some of the $700 billion program could be used to shore up giant hedge funds, largely unregulated pools of investments, or insurance companies...

Dow Drops 733 Points; Consumer Spending Down

Posted on October 15, 2008
People are starting to realize that it's not an a bank credit freeze that has halted the economy. It's consumer spending, stupid: Despair over the economy sent Wall Street plunging again Wednesday, propelling the Dow Jones industrials down 733 points to their second-largest point loss ever...

Stock Market Remains Unsound; No More Paying Off Credit Cards With Home Equity Loans

Posted on October 15, 2008
People aren't buying anything, because they don't have credit. Thus, retail sales are down, along with the Dow (story):Volatility battered Wall Street again Wednesday after a disappointing retail sales report reminded investors that country is either in a recession or moving toward one...

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Paulson Plan Guarantees Nothing

Posted on October 15, 2008
You know those hundreds-of-billions we just gave to rich Wall Street bankers? The money that Main Street banks didn't want or or need? Well, it didn't actually buy us anything: "The truth of the matter is, they can't put a gun to their head and say you have to lend this money," said Charles Horn, a former official at the...

Pelosi Seeks to Spend 300 Billion More; Record Federal Deficit

Posted on October 15, 2008
Once you let the camel's nose under the tent, you'll soon find camel shit on your cot: Democratic leaders on Capitol Hill are drawing up plans to toughen oversight of the financial industry and considering introducing another economic-stimulus package in the wake of the government's decision to buy stakes in major U...

More Proof that Paulson is a Crook

Posted on October 15, 2008
Wells Fargo did not want to be, and did not need to be, bailed out. Main Street banks do not need to be bailed out (story): Community banking executives around the country responded with anger yesterday to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money, resent the intrusion and feel it's...

Wells Fargo Did Not Want Bailed Out

Posted on October 15, 2008
The Wall Street Journal is reporting: ?It was Monday afternoon at 3 p.m. at the Treasury headquarters. Messrs. Paulson and Bernanke had called one of the most important gatherings of bankers in American history. For an hour, the nine executives drank coffee and water and listened to the two men paint a dire portrait of the U...

Why I'm Not in the Army

Posted on October 14, 2008
If you're in the Army, you must regularly deal with stupidity like this: WASHINGTON - More than 10,000 people have signed an online petition urging the Army to let an Iraqi puppy come home with a Minnesota soldier, who fears that "Ratchet" could be killed if left behind...

Liberal Tolerance?

Posted on October 13, 2008
You'd need to go to a KKK rally or Westboro Baptist Church sermon to find this much hate:

Save 30% at eBay with Live Search CashBack

Posted on October 13, 2008
Even with all the doom-and-gloom, there is some good news. You can save some serious cash. You can save up to 30% on certain products on eBay. You must use the Buy-It-Now Feature, and pay with PayPal. Here's how it works: Go to www.live.com. That is Microsoft's search engine...

GM to Restrict Car Loans to Those with Credit Score of 700 or Above

Posted on October 13, 2008
Reports of the death of the credit freeze have been greatly exaggerated:PRESS RELEASE: GMAC Financial Services Statement on Automotive Finance Purchase Policy DETROIT, Oct. 13 /PRNewswire/ -- GMAC Financial Services today implemented a more conservative purchase policy for consumer auto financing in the U...

Why Nationalizing Banks is a Terrible Idea

Posted on October 12, 2008
The United States government is discussing nationalizing banks. (Story here.) How can this be a good idea. Consider the following scenarios: Scenario 1. The government nationalizes banks. It appoints an oversight board, comprised of members of Congress, people appointed by members of Congress...

Is the Era of Easy Credit Over?

Posted on October 12, 2008
Yahoo! Finance reports on the chilly car-credit market here. They ask if the era of easy credit is over forever. Who can say? It's really a nonsensical question to ask. If we go into a full scale depression, what will the economy look like in five years? Or ten years? What happens when irresponsible and entitled Baby Boomers who have...

John McCain Tried to Reform Fannie-Freddie (Again)

Posted on October 11, 2008
The evidence keeps coming in. John McCain realized that Fannie Mae and Freddie Mac were going to lead to a market meltdown. Here is a letter he wrote in 2006. While McCain was trying to save America from Fannie and Freddie, Barack Obama was on Fannie and Freddie's payroll...

Income Taxes Will Increase Under Obama or McCain

Posted on October 10, 2008
I got good news, and I got bad news. If you keep your job (good news, right?), you'll pay higher taxes. Details here.

Cook County Sheriff Refuses to Serve Eviction Notices

Posted on October 09, 2008
The Cook County Sheriff said that he will no longer serve eviction notices (story): CHICAGO, Illinois (CNN) -- Sheriff Thomas J. Dart said Wednesday he is suspending foreclosure evictions in Cook County, which had been on track to reach a record number of evictions, many because of mortgage foreclosures...

Wiretap Program Nabs Phone Sex

Posted on October 09, 2008
Remember the wiretap program that was essential for national security? Well, here's the "intel" the program has gathered.

Minorities, Fannie-Freddie, and the Market Meltdown

Posted on October 09, 2008
Interesting turn of events. Liberals have said (correctly, I think) that you can't blame minorities for the subprime market meltdown. That is true. Who is the blame? That's easy, really. Fannie, Freddie, and Wall Street. So here's the interesting turn of events...

Brenda Morris Commits More Prosecutorial Misconduct in Stevens Trial

Posted on October 09, 2008
Last week it was reported that prosecutor Brenda Morris, in violation of law, withheld exculpatory evidence from the defense. She has continued behaving lawlessly: Judge Emmet Sullivan threw out two big pieces of evidence in the Justice Department's prosecution of Sen...

When Will the Market Hit Bottom?

Posted on October 09, 2008
The Dow Jones Industrial Average closed today at 8,579.19. Last December I predicted that the market would hit 8,000. (I was mocked.) Now, that seems optimistic. Think about this: We haven't even had earnings reports yet. What is the market going to do when earnings are shit? And they will be shit...

Library Envy?

Posted on October 08, 2008
Yeah, I have it.

Partisanship Test

Posted on October 08, 2008
If you watched the debate and though either John McCain or Barack Obama "won," then you are a hack. That debate was a total disgrace. No one won anything. Both dodged and evaded. No rational, thinking, non-partisan person would have been impressed with either candidate...

Iceland Going Bankrupt

Posted on October 08, 2008
It's getting worse.

Concrete Example of Credit Freeze

Posted on October 07, 2008
I was just talking to my landlord, who is a rich and older real estate guy. He had some of properties listed. He had numerous buyers lined up. Ultimately, he delisted all of his properties, because banks won't loan money. He has one building that is income producing and listed at $2 million...