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POPSCorruption in the U.S.A.: It is way too easy for police to seize your assets The private and unelected attorney planned to show that Smeeley's money "was being transported for the purpose of being used to be involved in a drug transaction." In other words, Gambill wanted to take Smelley's money because of a crime Smelley hadn't yet committed. When I asked Gambill to clarify, he replied, "We can seize money if we can show that it was intended for use in a drug transaction at a later date." ... this is "like something out of that movie Minority Report A judge ruled in Smelley's favor but later withdrew from the case when the county prosecutor denied AV equipment for his courtroom. The equipment would have been paid for from a "forfeiture fund." However, there shouldn't even be a forfeiture fund for a judge to request money from. - much more @ clip source
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POPSRepublicans Say Obama Loan Program is First Step Toward TARP Slush Fund
The president’s idea, which requires legislative action by Congress, would remove the $30 billion from the pot of money that is scheduled to be paid back to the $12.4 trillion national debt this fall, when TARP is scheduled to expire. A White House official confirmed to The Daily Caller that the money would no longer go toward paying down the debt if the president’s idea became law. “They can do that?” asked Sen. Mark Pryor, Arkansas Democrat. A White House release said that the reason for moving the money out of TARP would be to “encourage broader participation by banks, as they would not face TARP restrictions.” Many of the largest recipients of TARP funds have paid back their loans with interest, seeking to avoid government dictates on executive pay or other matters. Pryor said that using TARP money for such a purpose likely went outside the bounds of “truth in budgeting.” “If we’re going to spend more money let’s be more transparent about that, ,” he said.