Courtesy of Sov Man's Simon Black, here are several of the most bizarre legal anecdotes to take place in the US and around the globe over the past week, staring with a bill currently making its way through Congress, which is seeking to wipe out over $1 trillion in student loans.
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A Convenient Way to Cancel a Trillion Dollars of Debt
What happened:
The “Trump trade” in U.S. stocks that was spurred by President Donald Trump’s November election has come and gone, according to Tony Dwyer, Canaccord Genuity Group Inc.’s chief market strategist.
In JPM's initial market comment this morning, reacting to the news of Comey firing, the bank said that "as far as the market is concerned, Comey’s dismissal saps Trump’s political capital and weakens relations w/Congress at the time when he is trying to move an ambitious pro-growth agenda through the Senate and House." What JPM was referring to was the potential of substantial incremental delays now facing Trump's parallel reforms, healthcare on one hand and tax reform on the other.
Authored by John Solomon via Circa.com,
Sen. Rand Paul, the former Republican presidential candidate and vocal champion of civil liberties, has received allegations that the Obama administration sought intercepted intelligence from the National Security Agency on him and other members of Congress and has asked President Donald Trump to conduct a formal investigation, Circa has learned.
Paul quietly asked for the probe nearly a month ago in a letter to Trump that was obtained by Circa.
Authored by Carey Wedler via TheAntiMedia.org,
The war on drugs is such an abysmal failure that even the lawmakers who have funded it for decades are drawing a line in the sand. Multiple bills in Congress have cropped up in recent months aiming to protect medical marijuana and reschedule cannabis, if not legalize it altogether.
The most recent development comes in the form of Congress’ recently unveiled budget, which allots exactly zero dollars to the Department of Justice to wage medical marijuana crackdowns across the country.