posted on Jul, 6 2009 @ 02:29 PM
I'll admit first that I haven't been paying as much attention as I probably should be to the plight of my neighbors to the south. But something
crossed my mind as I was reading news of banks not committing to take
and the feds repossessing state
What has recently been the Federal Government's MO when a "too big to fail" corporation goes under?
I'm pretty sure the State of California counts as "Too big to fail"...
So I'm asking the people of ATS, as lots of you know way more than I do about these things..
Do you suppose the feds might be looking at stepping in and trying to rescue CA?
If so, would it undergo a complete government restructuring under the feds?
Would this constitute a conflict of interest between the states and federal government?
Would the feds set up a federal territory within CA, separate from CA, like a sort of west-coast DC to operate from?
Would a federal takeover of California constitute an Intolerable Act similar to the
Massachusetts Government Act?
Like I said, I don't know a lot about the situation in CA, but these are some things that crossed my mind while reading the news.
I would really like to read some of your thoughts on this..