Thursday, February 23, 2012

2/23/2012 Jiggy Jaguar Radio Show

The Jiggy Jaguar Radio Show {Date:2/23/2012}



Jiggy Jaguar with Ultimate Ozzy 2008 at The Blue Goat Salina Kansas




Date Recorded: 02/22/2012

GUESTS:

CONTRACEPTION AND ENVIRONMENTALISM: Obama's Contraception Mandate actually furthers the cause of Environmentalists

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Let's face it. Government funded contraception is a leftist's dream and it is being implemented by a left wing president. Something else that leftists passionately believe in is environmentalism. This manifests itself in the global warming climate change movement. Taxing carbon is the objective of such movements. As carbon based life forms who exhale carbon dioxide, human beings are perceived to be threats to the environment.

Enter the contraception mandate. Though the two appear to be apples and oranges, they are both fruit from the same tree that share the same objective – population control. Unfortunately, less carbon dioxide means that such trees, which rely on carbon dioxide to survive, will have less.

Ted Shoebat, son of a former Muslim terrorist and PLO member who came to America and views his adopted country as a blessing, sees yet another double standard from the left's religious fervor for “mother earth.”

“We hear constantly that the United States has a separation of Church and State, and we should make sure that the views on human life which the Left upholds, should as well be prevented from being pushed upon free citizens,” Shoebat says. “How can one be free, if he must comply with a government’s demand for all to pay to support one’s lifestyle?”

Shoebat also points to the hypocrisy of Secretary of State Hillary Clinton, who has expressed an opinion that government shouldn't be involved in a woman's decisions about “reproductive rights.” Yet, Clinton now seems to be championing the government's decision to force churches to offer contraception services, even if those services violate the principles of those churches.

Oh, and Hillary Clinton is quite an advocate for addressing the pseudo-problems inherent in global warming climage change.

CORPORATE “PERSONHOOD” TO BE TESTED IN MF GLOBAL BANKRUPTCY CASE

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The legal principle of “corporations are ‘persons’” is set to be tested in the current MF Global bankruptcy case after a former MF Global client, Adam Furgatch of Hawaii, filed a motion February 6, 2012 in Federal Bankruptcy Court that asks the Court to treat MF Global Holdings, Ltd. as a “person” instead of a corporation. 

ADAM FURGATCH is available for Talk Show interviews on this precedent setting topic. During your interview he can provide insight on this historic case. Adam says that the filing asserts that because the U.S. Supreme Court has ruled that a corporation such as MF Global Holdings is a “person” then MF Global, Inc. -- the subsidiary brokerage whose customers are still missing at least $1.2 billion in segregated funds -- is a “child” of the MF Global Holdings “parent company.” The filing then cites specific statutes in the Bankruptcy Code that mandates that a child’s support claims shall have super-priority status over all other unsecured creditors.

“The Chapter 11 bankruptcy laws apply equally to corporations and individuals,” said Mr. Furgatch in a pre-filing interview. “If, instead of a corporation, the MF Global Brokerage is treated as the Child Person of the Parent Company Person, then the statute on priority status for unsecured creditors’ claims is unambiguous. It’s right there in U.S.C. Title 11, Section 507. Spousal and child support obligations come first, before all other creditors’ claims.”

Mr. Furgatch therefore concludes that “If corporations are persons, JP Morgan Chase and all other unsecured creditors will just have to get in line…the Child comes first.”

The motion also asks the bankruptcy judge to order the “Parent Company Person” trustee, Mr. Louis Freeh, to immediately release from the parent company’s declared $41 Billion in assets, all child support funds necessary to restore the stricken, injured “Brokerage Child Person” to wholeness and health. 

The motion cites Bankruptcy Code statutes that support the judge’s power to grant this request for immediate release of trustee-controlled assets. The child support funds being asked for include the reported $1.2 Billion in customer segregated funds that have yet to be returned to the ex-MF Global Brokerage customers. Mr. Furgatch is currently missing at least 30% of his pre-bankruptcy MF Global account funds. 

The federal judge presiding in the case, Martin Glenn, is expected to promptly consider the motion and make a ruling.

Mr. Furgatch, a fresh, creative voice in financial and political commentary, has published a copy of the motion and additional background information concerning this legal action on his website: www.AdamFurgatch.com

The MF Global brokerage bankruptcy case is Securities Investor Protection Corp. v. MF Global Inc., 11-02790, U.S. District Court, Southern District of New York (Manhattan). The parent’s bankruptcy case is MF Global Holdings Ltd., 11-bk-15059, U.S. Bankruptcy Court, Southern District of New York (Manhattan).


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