posted on Feb, 6 2010 @ 01:17 PM
reply to post by GreenBicMan
There were a lot of Constitutional questions regarding "bailouts" back in 08.. naturally, eventually ignored.. but there being nothing stated
specifically that the Government can or cannot own a corporation then technically, there is nothing to stop the Government.
It would naturally be a huge conflict of interest.. and, it would naturally unbalance the economy in general.. when a revolving piggy bank can buy
anything under the sun, it can hostile take over corporations simply by reducing the value of the currency.
It also keeps dead corporations alive.
But anyways, the only entity NOT allowed to purchase .. anything.. except bonds, is the Federal Reserve. The Reserve being a panel, cannot legally
own anything, because technically it isn't an entity capable of ownership. The only exception would be Tbills.
You will notice that the Fed produces small LLC corporations (because LLC's prevent corporate income disclosure.... aren't these guys crafty?) such
as the Mary Lane I-III etc (all LLC's) to purchase massive amounts of equities, bonds, debts, CDO's etc.. Because they are LLC's the bankruptcy
laws allow it to go under, while keeping the handler safe. Everyone dumps the garbage in the bin, they toss the bin out the window and no one is
effected by it.
That being said, the Treasury (who has to do the actual bailing out because the Fed cannot) openly admits to supporting the economy, the markets, etc
.. although they claim to reserve these rights for emergency uses only.. anyone watching the DOW on Friday will see what an "emergency" is to the
It's also Fascist. If that bothers anyone.