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To: SkyPilot

As far as I understand, this has already started. Apparently the Obama administration has passed new regulations (on what authority I do not know) that mutual fund brokerage operations, in order to “protect” investors, must put proceeds of stock sales in federal funds. This in effect forces investors to lend to the federal government. I understand these new rules are to take effect in the next few months.


13 posted on 02/27/2016 1:37:22 PM PST by T Ruth (Mohammedanism shall be defeated.)
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To: T Ruth

“Apparently the Obama administration has passed new regulations (on what authority I do not know)”

If they have done it then it is done on the same authority as a mugger who sticks a gun in your nose and takes your wallet. No other authority for such action exists and the government is being run by people who are no better, in fact worse, than street muggers. At least muggers don’t bother to pretend that they really have the law on their side.


56 posted on 02/28/2016 6:06:29 PM PST by RipSawyer (Racism is racism, regardless of the race of the racist.)
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