Watch what they do, and act accordingly.

Glenn Reynolds:

If I were a Republican in Congress, I’d introduce a bill — tomorrow! — banning, and, in fact, criminalizing, such seizures in the United States.  That would be popular, and if the Democrats were dumb enough to oppose it, it would make people wonder what they were up to.

Bill Quick:

Neither Boehner nor McConnell would ever permit such a bill to reach the floor.

It might be too embarrassing to their Democrat friends.  And we certainly wouldn’t want anything to interrupt the ongoing GOP cave to the Democrats.

Concern over ‘‘embarrassing Democrats’’ is only a small part of it.  Such a bill will go unintroduced, let alone unconsidered, for the same reason that Rand Paul couldn’t get a straight answer out of Eric Holder about using drones to kill American citizens on American soil.

It’s called ‘‘keeping options open.’’  Because always remember, if the choice is between doing what’s right for the country and doing what’s necessary to maintain privilege, establishment Republicans and progressive Democrats are as alike as peas in a pod.

Tyler Durden:

This should leave any individual in Europe under no illusion that the political elite will enact whatever it deems fit to protect their positions in the name of the euro and their own positions of power.

MORE:
Sheila Bair^[1] whistles past the graveyard- loudly:

This would never happen in the U.S. because we respect the rule of law and we have a very strong agency called the Federal Deposit Insurance Corporation that stands up for insured depositors and protects them.  And so having not just a single deposit insurance that’s in place, but a strong agency handling that program and standing up for insured depositors -- I think that is really crucial and this really underscores why they need that in the eurozone.

‘‘Rule of law,’’ huh?  Like this...?
Inverstors Business Daily:

Already Congressional Democrats are plotting the expropriation of Americans’ private 401(k) and IRA retirement savings accounts in favor of ‘‘a guaranteed income.’’  If bank accounts can be casually expropriated in Cyprus to pay for big-spending governments and bailouts, there is no reason a nice slice of the $19 trillion in retirement accounts [held by Americans] can’t get the same treatment.

If it happens, it will signal the end of individual freedom and the return of feudalism.

Another UPDATE (130322 16:50):
Instapundit reader Mark Jones:

Rep. Billy Long’s introduced resolution against a Cyprus-like raid on bank deposits is nice–certainly a lot better than no resolution on the point at all.  But it’s only a resolution.  Which means exactly nothing, legally speaking.  Congress passes resolutions all the time, on matters both profound and frivolous.  We need legislation, not resolutions...

Related:

-----

Posted by: Old Grouch in In Passing at 18:00:43 GMT | Comments (1) | Add Comment
Post contains 492 words, total size 7 kb.