Have you ever heard of the Enron Loophole?
Enron had an
edge over Nymex in that it was a member of the shadowy, over-the-counter energy
market nobody seemed to be watching. Not only that, but Congress had gone so
far as to approve special legislation in 2000 promising not to watch Enron as
part of its infamous measure called the Commodity Futures Modernization Act. .
. Buried in the bill’s legal jargon lay the even more notorious “Enron
loophole,” a piece of legislation that specifically exempted over-the-counter
energy traders from any regulation. The text of the loophole, drafted in
consultation with lawyers hired by Enron, left over-the-counter traders free to
behave exactly as they pleased in buying and selling financial products pivotal
to the health of the United States and the global economy. The loophole was so
potent it took the liberty of making clear that if regulators did happen to uncover fraud in the
over-the-counter market, they were
still forbidden to do anything about it.[i]
The only protection citizens have from the financial
predators that are extracting trillions of dollars from the American economy is
the “Rule of Law.” Over the past few decades, not only have they infected the
minds of unsuspecting citizens with a “Less Regulations the Better” virus and removing
laws from the books that protect citizens from their usurious strategies – they have been paying millions to lobbyists
to have new laws passed that prohibit citizens from suing them (like the Enron
Loophole above).
For this elite and powerful group money has become more than something
they use to make investments, it has become a weapon and the institutions that
are supposed to protect citizens into barriers that protect them from justice. Today,
two of their latest attacks are in the news today:
(1) Buried in
the fine print of certain college enrollment agreements is language that takes
away students’ and families’ constitutional right to a day in court. It’s
called a “forced arbitration” clause, and it throws any dispute out of court –
and into a private, secretive system where a tribunal chosen by the school gets
to decide who wins, and who loses.
See -- https://actionnetwork.org/petitions/dept-of-ed-dont-let-colleges-deny-students-of-their-right-to-sue?source=03032016email
(2)
Facing hundreds of millions of dollars in lawsuits, the giant
biotechnology company Mnsanto last year received a legislative gift from
the House of Representatives, a one-paragraph addition to a sweeping chemical
safety bill that could help shield it from legal liability for a toxic chemical
only it made. See -- http://www.nytimes.com/2016/03/01/business/monsanto-could-benefit-from-a-chemical-safety-bill.html?ref=topics&_r=1
& http://www.thepetitionsite.com/takeaction/595/136/204/?cid=fb_LG_AdsMonsantoAnniston&src=facebook_ads&campaign=sign_595136204&z00m=27500778
Things
you can do:
(1) Sign the petitions
at the links above.
(2) Write your
US Representative & Senators (just a short note will work & a note
received by mail is much more powerful than an email or text). For contact info for Representatives CLICK HERE; for
Senators CLICK
HERE.
(3) Ask
political candidates if they know about the above attacks on citizens and what
they will do if elected.
(4) Share this
info with others.
(5) Become a
member of the TOV Center, connect with others who share Core Values that Place Human Life Above Profits and Network Together to Co-Create Change – CLICK HERE.
[i] The
Asylum: The Renegades Who Hijacked the World’s Oil Market by Leah McGrath Goodman © 2011;
Harper Collins, New York, NY; p. 218.
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