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Wednesday, March 18, 2009

3RD DCA ROUNDUP

Before we get to the 3rd DCA, the Fed, as we predicted the other day,  agreed to buy about a billion dollars of US Treasury notes. The NY TImes article is here. The effect will be to lower interest rates, and give the Government treasury about a billion dollars more to spend. You see, this is a slight of hand. How does the Fed get a billion dollars to buy US Treasuries? Why it orders the treasury to print a billion dollars, which the Fed then promptly uses to buy Treasury notes, sending the billion back to a different arm of the government for it to spend on salaries and trips and spa sessions  for AIG employees. 

Can you say I...n...f...l...a...t...i...o...n?   That's what happens when countries devalue their currency by printing more of it for no good reason. 

And by the way, if you are per chance the holder of a note; if someone owes you money and is paying off the loan, when inflation hits, they will be paying you back with dollars worth considerably less than the dollars you lent them. 

Just our  government's way of saying "Capitalism? You must be joking".

3RD DCA ROUNDUP

Just two decisions reported this week, and one is a PCA. In the other one however,  Judge Mark King Leban gets his second posting on the Wall of Shame for denying a rule 3.850 motion summarily without attaching portions of the record to conclusively refute the allegations. 

From last week, which we neglected to report, Judge Peter Lopez joins Judge King Leban on the wall of shame for summarily denying a 3.850 motion without attaching portions of the record to refute the allegations. The decision in Redding v. State, is here. 

In JB v. State, the juvenile's adjudication for delinquency for petit theft for stealing an officers handcuffs, by running away (while in handcuffs) after the officer arrested the juvenile for trespass, was reversed.  The decision by Chief Judge Gersten noted that petit theft is a specific intent crime. While it was clear the juvenile was fleeing, it was not proved at trial that the purpose of the flight was to steal the officer's handcuffs. As CJ Gersten wryly noted at the end of the opinion: 

Actually, we are sure that J.B. would have gladly relinquished any dominion,
control, or possessory rights to the handcuffs if he only had the key to release
them.


Who said those guys and gals at the 3rd DCA don't have a sense of humor?

See you in court. 

14 comments:

CAPTAIN said...

No answers to the question, who did Judge Moreno replace on the bench in the United States District Court?

the trialmaster said...

joe eaton.

Anonymous said...

How about cops who cash that fat $8.50 check for a depo fee and then don't call or show for depo. As far as I'm concerned that's petty theft. I will be filing motions on the issue next week.

Anonymous said...

Not that inflation can't be a real problem, but this country's inflation rate has been under 5% for 20 years and under 6% for almost 30 years. Inflation is not a serious concern in our economy. Not now anyways.

Anonymous said...

Posted March 8, 2009:
"JNJ is a good company Rump. Gold might be where to go before the inevitable inflation all this mindless spending will bring."

Inflation: buy gold.

CAPTAIN said...

BREAKING NEWS .....

Marlins stadium passes City Commission on 3-2 vote.

CAPTAIN said...

10:29 pm, Not Joe Eaton.

Hint:
This person still cashes a federal paycheck (not retirement).

batman said...

Oh Captain my Captain, could you be speaking of the most right Honorable Alcee Hastings?

Anonymous said...

"Treasury Secretary Timmy Geithner said "Treasury (?)" asked Sen. Chris Dodd to include a loophole that allowed bailed-out insurance giant AIG to keep its bonuses." Geithner says he "takes responsibility." What does that mean in America anymore? Will Geithner be put on "leave with pay?" Will he and his family go on more lobbiest trips? Has Timmy assured himself a seat ($$$$) on every banking board in the Western World? Who told Geithner to put in the loophole? Geithner should resign. Congress should subpeona him and he can tell us who ordered the loopholes for the bonuses to go to the "masterminds" behind the credit default swaps. Dodd and Obama both got plenty of campaign funds from AIG and they (both) will probably sit on AIG's Board as soon as they leave office. This will just never end.

CAPTAIN said...

Great job Batman. Hastings it is.

Anonymous said...

Rump:

That's a Trillion, not a Billion.

TRILLION.

Anonymous said...

This might be good for a front page post:

Gov. Bill Richardson, who has supported capital punishment, signed legislation to repeal New Mexico's death penalty . . .

The new law replaces lethal injection with a sentence of life in prison without the possibility of parole. The repeal takes effect on July 1, and applies only to crimes committed after that date.

"Regardless of my personal opinion about the death penalty, I do not have confidence in the criminal justice system as it currently operates to be the final arbiter when it comes to who lives and who dies for their crime," Richardson said.

Anonymous said...

The spinner clerk is now in courtroom 5-3. She is beautiful. WOW!

Anonymous said...

CAP,I ADMIRE YOU.YOU ARE A GOOD GUY,GAL,NAH,YOUR A GOOD MAN WHO GIVES US A CONCINCE,IM GOING HOME TO MY SPOUSE AND MY FRIENDS I WONT PLAY AND USE MY POWER FOR MY GREED.SHAME ON ME,IVE BEEN A SOB.CAP,THNKS,GOING TO NAME MY KID AFTER YOU.IVE BEEN SAVED