The entire financial economy may be being imperiled by an exotic form of financial instrument called a derivatives contract. There may be over two quadrillion dollars’ worth of this debt, sucking cash out of the productive economy… which is crippling supply chains.
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Reform is one thing. Actions that abandon the rule of law and that could promote lawlessness are altogether different. Texas law gives criminal district attorneys the duty to enforce the laws the Legislature writes… It grants no power to criminal district attorneys to categorically rewrite the law. Constitutionally, ‘reforming’ state law is the province of the Legislature.
