1/29/2007

Antitrust Division of the U.S. Department of Justice responds to my Formal Complaint of Macquarie acquisition of ACM. (click here to read it!)

at 1/29/2007

1 comment:

Sal Costello said...

FROM ANGELO:

I heard you speak on the Alex Jones program Sunday. Kudos to you brother! I wanted to inform you on why the Foreign companies are gobbling up the press there. Here's why. I hope this is informative or maybe you already know.

Chapter 11 of the NAFTA agreement allows a private NAFTA foreign investor to sue the U.S. government if the investor believes a state or federal law damages the investor’s NAFTA business.

Under Chapter 11, NAFTA establishes a tribunal that conducts a behind closed-doors “trial” to decide the case according to the legal principals established by either the World Bank’s International Centre for the Settlement of Investment Disputes or the UN’s Commission for International Trade Law. If the decision is adverse to the U.S., the NAFTA tribunal can impose its decision as final, trumping U.S. law, even as decided by the U.S. Supreme Court. U.S. laws can be effectively overturned and the NAFTA Chapter 11 tribunal can impose millions or billions of dollars in fines on the U.S. government, to be paid ultimately by the U.S. taxpayer.
Like it or not, NAFTA Chapter 11 tribunals already empower foreign NAFTA investors and corporations to challenge the sovereignty of U.S. law in the United States. Sen. John Kerry (D.-Mass.) has been quoted as saying, “When we debated NAFTA, not a single word was uttered in discussing Chapter 11. Why? Because we didn’t know how this provision would play out. No one really knew just how high the stakes would get.” Again, we have abundant proof that Congress is unbelievably lax when it comes to something as fundamental as reading or understanding the complex laws our elected legislators typically pass.

8:53 PM, January 29, 2007

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