Remember the whole derivatives mortgage-fraud pump-and-dump scheme that made the banksters lots of money, until the housing pricing bubble burst, and the too-big-to-fail banks…
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Through its provisions, Public Act 436 establishes a new form of local government, previously unknown within the United States or the State of Michigan, where the people within local municipalities may be governed by an unelected official who establishes local law by decree.
– Complaint for Injunctive Relief, Phillips et al. v. Snyder, U.S. District Court for Eastern Michigan
