Pettifoggery

From Webster's 1828 Dictionary "Pettifoggery" is defined as,

"The practice of a pettifogger; tricks; quibbles."

     The following is an example of how a "pettifogger" earns his reputation and why s/he is such a valuable commodity to the purveyors of a well organized criminal enterprise.

 

From Section 26  (page 348) of the .pdf, The Securities Exchange Act of 1934

UNLAWFUL REPRESENTATIONS

SEC. 26. No action or failure to act by the Commission or the Board of Governors of the Federal Reserve System, in the administration of this title shall be construed to mean that the particular authority has in any way passed upon the merits of, or given approval to, any security or any transaction or transactions therein, nor shall such action or failure to act with regard to any statement or report filed with or examined by such authority pursuant to this title or rules and regulations thereunder, be deemed a finding by such authority that such statement or report is true and accurate on its face or that it is not false or misleading. It shall be unlawful to make, or cause to be made, to any prospective purchaser or seller of a security any representation that any such action or failure to act by any such authority is to be so construed or has such effect.

(June 6, 1934, ch. 404, title I, Sec. 26, 48 Stat. 902; Pub. L. 105-353, title III, Sec. 301(b)(5), Nov. 3, 1998, 112 Stat. 3236.)

     Seeing that we (and our ancestors) had entrusted our "Rights" to our public servants in return for "Honest Service"; shouldn't we have expected those servants to have had a basic understanding of the theory and practice of banking and a willingness to expose, and prosecute, members of Commissions and Boards who were not protecting and defending those "Rights"?   

     Who, among us, has given our authority to allow our servants' actions, and failure to act with regard to agents, commissioners, governors, legislators, bankers, lawyers, judges, and others whom we've employed, to be inconsequential?  

Educate your self. 

      Search Henry Dunning Macleod's The theory and practice of banking, Volume 1 (1892) for the word "Rights" and read the passages pertaining to them.