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What's Weak This Weak Episode 3 - February 22, 2012

A satirical look at what's weak in the news of the week.

LIVE: #F29 Shut Down The Corporations: Leap Into Action! Reclaim Our Future! -Occupy DC protesters arrested outside Monsanto



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Goodbye, First Amendment: ‘Trespass Bill’ will make protest illegal

Washington: US park police detains a Christian religious activist during a pro-life demonstration in front of the White House in Washington on February 16, 2012. (AFP Photo/Jewel Samad)

Just when you thought the government couldn’t ruin the First Amendment any further: The House of Representatives approved a bill on Monday that outlaws protests in instances where some government officials are nearby, whether or not you even know it.

The US House of Representatives voted 388-to-3 in favor of H.R. 347 late Monday, a bill which is being dubbed the Federal Restricted Buildings and Grounds Improvement Act of 2011. In the bill, Congress officially makes it illegal to trespass on the grounds of the White House, which, on the surface, seems not just harmless and necessary, but somewhat shocking that such a rule isn’t already on the books. The wording in the bill, however, extends to allow the government to go after much more than tourists that transverse the wrought iron White House fence.

Under the act, the government is also given the power to bring charges against Americans engaged in political protest anywhere in the country.
Under current law, White House trespassers are prosecuted under a local ordinance, a Washington, DC legislation that can bring misdemeanor charges for anyone trying to get close to the president without authorization. Under H.R. 347, a federal law will formally be applied to such instances, but will also allow the government to bring charges to protesters, demonstrators and activists at political events and other outings across America.

The new legislation allows prosecutors to charge anyone who enters a building without permission or with the intent to disrupt a government function with a federal offense if Secret Service is on the scene, but the law stretches to include not just the president’s palatial Pennsylvania Avenue home. Under the law, any building or grounds where the president is visiting — even temporarily — is covered, as is any building or grounds “restricted in conjunction with an event designated as a special event of national significance."

It’s not just the president who would be spared from protesters, either.

 rt.com/

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No MF Global customer cash in JPM account: trustee

(Reuters) - The trustee managing the assets of bankrupt MF Global Holdings Ltd said none of the roughly $26 million being used to fund the futures brokerage in Chapter 11 is part of a $1.6 billion shortfall in customer accounts.

In a report issued on Thursday in U.S. Bankruptcy Court in Manhattan, trustee Louis Freeh said the money, which was in one of MF Global's account at JPMorgan Chase & Co, does not contain money that should have been segregated for customers.

The scope of the report does not extend to whether customer money could have ended up with JPMorgan through other transactions, or transfers, or in other accounts with the bank.

JPMorgan is a key player in MF Global's bankruptcy because it served as the agent for a $1.3 billion loan as well as the clearing bank for some of its transactions. Some customers have speculated that a significant chunk of their missing money could be with JPMorgan.

The most vocal of those customers, James Koutoulas, said Freeh's report applies only to one account, something he says many customers may not understand.

http://news.yahoo.com/no-mf-global-customer-cash-jpm-account-trustee-220905237.html