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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (78679)5/4/2008 12:39:37 AM
From: Webster Groves  Read Replies (3) of 116555
 
<First a crime has to be proven.>

Not necessarily. People accused of drug crimes in the US can have their property seized at the time of arrest:

usdoj.gov

No crime need be proven, only "probable cause" asserted by the government. Good luck getting it back soon if you are innocent.

If you believe this policy is just, I see no reason it couldn't be applied to white collar crime (fraud) with equal effect.

wg

PS - It can get worse - in Iraq the US bombs people it calls criminals - no warrants, no arrests, just the law of the west.
Just think of the ramifications if this policy were applied to domestic financial criminals.
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