Papantonio: Republican Donors Now Buying Judges; Democracy Is Officially Done For

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3. They certainly are.

Take Tea-Bag megadonor Paul Singer, the 12 billion-dollar TARP baby whose Cayman Islands laundry bought $200 million's worth of Argentine bonds for $48 million - and now expects a cool billion!

http://www.theguardian.com/business/2014/aug/07/argentina-default-griesafault-more-accurate

It goes without saying that that's fraud, and thereby illegal. It's illegal, furthermore, because of the longstanding right of Champerty, which stipulates that bonds cannot be bought in bad faith in order to sue for more later.

But it's technically legal now thanks to precedents set by Lower Manhattan (Wall Street) Judge Thomas Greasa, who even froze all other bondholders' money as ransom until Singer gets his payout (!).

Greasa, I might add, recently bought a million-dollar Montana ranch.