Obama, Pelosi and Money Laundering

So – the Feds are telling Chrysler they have to subordinate the debt of legitimate bondholders to new gimmickry dreamt up by the Obamafia in violation of the takings clause of the 5th Amendment.

The net effect of this is to take money from legitimate bondholders in the form of investments they have made, to take money legally owed to those bondholders as a condition of their investment, and give that money to other, government-identified creditors who have no legitimate or supportable claim on those proceeds.

Money, therefore, illegally will be taken from its legitimate owners and given to others, said others not being entitled in law to those proceeds

The definition of “money laundering,” is: “any financial transaction which generates an asset or a value as the result of an illegal act.”

Great – our government now is a money laundering organization.

Did I fall asleep while the Rule of Law and Constitution were repealed?

About Alex Scipio

About Alex Scipio: Alex moved out of the People's Republic of California to the Free State of Arizona, finally tiring of the lack of the Bill of Rights, the overgrown idiocracy, and the catering to non-Americans & welfare recipients. He still wonders how America got from Truman, Eisenhower, and Daniel Patrick Moynihan to the Liberal and Conservative extremes so badly managing America today. And, yes, islam DOES need to be annihilated. And doing what he can to get folks away from the extremes of political life.
This entry was posted in Politics, Taxes & Economy. Bookmark the permalink.

1 Response to Obama, Pelosi and Money Laundering

  1. Barb Irvine says:

    Yes, why do you let this upset you? It is the new world order that liberals complained fervently about in the last 8 years,tho little changed in that period. Now it IS changing and they walk to the slaughter house. They think they’ll be excused from the new government’s punishments. Like a friend of mine said, “Osama bin Laden said he’d only attack red states, so we’ve (Californians) got a pass” I wish I could live in her dream world.

Leave a Reply

Your email address will not be published. Required fields are marked *