Why Shouldn't I Be Able to Cure a Fraudulent Conveyence?
In bankruptcy today Professor Marcus Cole covered Fraudulent Conveyences. Say, unbeknownst to me, you are undercapitalized or going broke and you sell me your $100,000 house for $25,000. It is so far below reasonable value that I think I am getting a steal, until you file for Bankruptcy and the trustee takes the property back, under the guise that this was a fraudulent transaction. Oh yeah, I don't necessarily get my $25,000 back - I'm just another unsecured creditor in line. At this point, I'd gladly fork over the $75,000 difference between market value and what I paid so that the transfer would be legit (I could then sell it for around market value and have a better chance of getting more of my $25,000 back). But of course, the trustee will not want me to do that - this will shrink the common pool of assets. Something about this doesn't feel right, but hey, its bankruptcy - none of it really "feels right."
Wednesday, March 31, 2004
Tuesday, March 30, 2004
Has Bush Made Us Safer?
This article by the Washington Times suggests so. If Khalid Sheik Mohammad (KSM) (one of the top Al Queda operatives before his capture) is telling the truth, the plan was to hit the Sears Tower in Chicago and the Liberty Tower in LA as a follow-up to 9/11. The plan was hindered, according to KSM when the US took out the Afghanistan sanctuary and spent increased effort on disrupting communications.
A few pessimistic points
1) This does not validate the Iraq War as a means to stop terrorism (though future evidence may)
2) This does not address long-term concerns. Losing a sanctuary for the day does not end the danger, especially with increased global anger directed towards the U.S.
3) If we have been so successful at disrupting communication AFTER 9/11, than why didn't we do it beforehand and prevent a terrorist-confidence bonanza and tremendous loss of life and economic dislocation?
A few optimistic points
1) Taking out potential and actual terrorist sanctuaries is a long-term strategy. Afghanistan was used a training ground for thousands of would-be terrorists in schools run by Bin Laden. This will haunt us for years.
2) Further evidence that the Government has been having success against organizations that would do us harm as opposed to Clinton Era appeasement
3) Global anger comes and goes. Showing strength and reasoned patience is what matters in the long run, which is what we are doing now.
(thanks to Angry Clam for the referral)
This article by the Washington Times suggests so. If Khalid Sheik Mohammad (KSM) (one of the top Al Queda operatives before his capture) is telling the truth, the plan was to hit the Sears Tower in Chicago and the Liberty Tower in LA as a follow-up to 9/11. The plan was hindered, according to KSM when the US took out the Afghanistan sanctuary and spent increased effort on disrupting communications.
A few pessimistic points
1) This does not validate the Iraq War as a means to stop terrorism (though future evidence may)
2) This does not address long-term concerns. Losing a sanctuary for the day does not end the danger, especially with increased global anger directed towards the U.S.
3) If we have been so successful at disrupting communication AFTER 9/11, than why didn't we do it beforehand and prevent a terrorist-confidence bonanza and tremendous loss of life and economic dislocation?
A few optimistic points
1) Taking out potential and actual terrorist sanctuaries is a long-term strategy. Afghanistan was used a training ground for thousands of would-be terrorists in schools run by Bin Laden. This will haunt us for years.
2) Further evidence that the Government has been having success against organizations that would do us harm as opposed to Clinton Era appeasement
3) Global anger comes and goes. Showing strength and reasoned patience is what matters in the long run, which is what we are doing now.
(thanks to Angry Clam for the referral)
Has the Economic Growth been Overstated?
It can get difficult to correctly state economic growth right after the fact, but I'm sure conspiracy theorists out there see this as a manipulation by the White House.
Update - I'll be watching this forum just to check.
It can get difficult to correctly state economic growth right after the fact, but I'm sure conspiracy theorists out there see this as a manipulation by the White House.
Update - I'll be watching this forum just to check.
The Nation Trips Up
They are running an article titled "Israel's Failing Wall". The article is misleading, because nowhere in it does it show that the wall is actually "failing". Is it bringing Israel criticism? Sure. But is it not working? Strangely, the Nation has little to say on that issue. Thanks for wasting my time.
Oh yeah - for a different view of the fence, click here.
They are running an article titled "Israel's Failing Wall". The article is misleading, because nowhere in it does it show that the wall is actually "failing". Is it bringing Israel criticism? Sure. But is it not working? Strangely, the Nation has little to say on that issue. Thanks for wasting my time.
Oh yeah - for a different view of the fence, click here.
9/11 Commission
A few friends have asked me where I stand on it. I don't think the question is whether the past two administrations dropped the ball, but rather what are we going to do from here on out to make ourselves safer. Since I don't really see that question being addressed in the Clarke saga, I haven't been all that interested in it so far.
A few friends have asked me where I stand on it. I don't think the question is whether the past two administrations dropped the ball, but rather what are we going to do from here on out to make ourselves safer. Since I don't really see that question being addressed in the Clarke saga, I haven't been all that interested in it so far.
Monday, March 29, 2004
Message to the Browns - Please Don't Trade Up
The Beacon Journal is reporting that the Browns might trade up and grab the number one pick to draft the top offensive lineman - Robert Gallery. I haven't followed the draft this closely, but unless the Browns are sure, really sure, know without a doubt that this guy is going to be a stud off the bat, this would not be a good move. Trading up means we are going to have to pay a ransom of players and other picks that we desperately need. Additionally, for a number one or two pick, the salary demands are sure to bust our cap for the next few years, and to add insult to injury there is also the fact that we are dealing with the draft projection of talent here. We all remember Couch, Courtney Brown, Warren. Those players were supposed to be the real deals, mostly they just cost us salary cap room.
While I commend the Browns on finally deciding the last two years to invest in their woeful offensive line, desperation often breeds rash and ill advised moves when it comes to talent acquisition. I hope the Browns don't make one.
The Beacon Journal is reporting that the Browns might trade up and grab the number one pick to draft the top offensive lineman - Robert Gallery. I haven't followed the draft this closely, but unless the Browns are sure, really sure, know without a doubt that this guy is going to be a stud off the bat, this would not be a good move. Trading up means we are going to have to pay a ransom of players and other picks that we desperately need. Additionally, for a number one or two pick, the salary demands are sure to bust our cap for the next few years, and to add insult to injury there is also the fact that we are dealing with the draft projection of talent here. We all remember Couch, Courtney Brown, Warren. Those players were supposed to be the real deals, mostly they just cost us salary cap room.
While I commend the Browns on finally deciding the last two years to invest in their woeful offensive line, desperation often breeds rash and ill advised moves when it comes to talent acquisition. I hope the Browns don't make one.
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