Can one still REGIFT?
True enough.
These lawyers in Congress know exactly what they are doing when it comes to writing laws.
Unintended consequences are so last Century - this crap’s professionally crafted to achieve what it achieves.
Heads On Pikes!
I want you to know what is happening in the marketplace in direct response to the Falvey Opinion. It is my understanding that Wal-Mart has informed its suppliers of children's products that it intends to return all merchandise, regardless of age, that cannot be proven to comply with the new standards. Supposedly, it intends to complete this transfer by February 10. At least two other major retailers are rumored to have taken a similar position. This tug-of-war over existing inventory is actually a game of "hot potato": whoever ends up with the inventory on February 10 has a massive, perhaps fatal financial problem. Thus, no one is talking about how to sell off existing inventory (the old "yard sale" idea) - everyone is focusing on how to stick the inventory (the problem) with someone else. We are deathly afraid that Wal-Mart's plan will trigger a massive inventory "run on the bank" where all of our dealers will demand to return their unsold inventory, a scenario implying a stand-off between thousands of companies over a financial issue triggered by the Falvey Opinion. As previously noted, it is certainly true that we cannot afford to absorb the hit on our existing inventory. The notion that we could somehow survive the burden of absorbing the entire U.S. supply chain's inventory of our products is nonsensical. If this happens, you should expect widespread corporate bankruptcies. No sane person could argue that Congress "intended" this result. Clearly, Congress in its rush to punish the entire children's products industries (shoes, electronics, clothing, toys, sports equipment, novelties, books, lamps, etc.) for perceived "bad acts" drafted a law without regard to consequences. It's time to speak the truth - this was not intended by Congress because it couldn't have been intended by Congress. If that's so, the Falvey Opinion must be reversed. Thank you for considering my views on this urgent matter. Sincerely, Richard Woldenberg Chairman
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