Time: Tue Feb 11 06:13:51 1997
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Date: Sun, 09 Feb 1997 05:05:00 EST5EDT
From: Paul Andrew Mitchell <paul.andrew.mitchell%p1.f201.n330.z1@xbn.shore.net>
Message-ID: <996edbd6896edbd6@xbn.shore.net>
Organization: SearchNet HeadQuarters
To: SNETNEWS@europe.std.com
Subject: SNET: SLS: Your tax dollars at work
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PID: MG 0.25 [Eval]
MSGID: 1:330/201.1@fidonet.org d934b578
Reply-to: snetnews@world.std.com
From: "Paul Andrew Mitchell" [address in tool bar]
Originally to: snetnews@world.std.com
Original Date: Fri, 07 Feb 1997 20:01:16 -0800
-> SearchNet's SNETNEWS Mailing List
The "emergency" has been sustained capriciously,
in order to justify the permanent bankruptcy
(read "rolling rehypothecation").
Hypothecate. To pledge property as security
or collateral for a debt. Generally, there is
no physical transfer of the pledged property
to the lender, nor is the lender given title
to the property; though he has the right to
sell the pledged property upon default.
Moore v. Wardlaw. C.C.A.Tex., 522 S.W.2d 552, 554.
See also Pledge; Rehypothecation.
Rehypothecation. To pledge to another or to
transfer to another a note, goods, or other
collateral which have been already pledged,
e.g. a broker may pledge securities pledged
to him by a customer (under e.g. a margin
account) to finance his borrowings from a bank.
[Black's Law Dictionary, Sixth Edition]
For some background, read the essay
"The Two United States and the Law"
by Howard Freeman, in the Supreme Law Library
at URL:
http://www.supremelaw.com
/s/ Paul Mitchell
At 02:58 PM 2/8/97 -0500, you wrote:
>
>-> SearchNet's SNETNEWS Mailing List
>
>I have the same question as Emmilene:
>If the Constitution were suspended due to an Emergency, we would have martial
>law, with the President having nearly absolute authority. When I wore the
>uniform, we were told this would be a temporary situation if ever invoked. I
>agree with your question. No one could ever explain to me how this "plan"
>would work. It looks OK on paper - Martial law to restore law and order,
>then back to civilian law. The nagging question for me is how do we make
>sure the military government is held accountable to return power and not to
>abuse power when they have it? I hope someone can explain this to me too.
>
>Ken
>
>-> Send "subscribe snetnews " to majordomo@world.std.com
>-> Posted by: KWall65409@aol.com
>
>
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Paul Andrew Mitchell, B.A., M.S., email address: pmitch@primenet.com
Web site for the Supreme Law Firm is URL: http://www.supremelaw.com
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