GT McDuffy was the first person in the financial markets to call an end to the 2008 stock market crash and the ensuing 2009 stock market 5-year bull run, and has been published online at Yahoo Finance, CNBC, Newsweek, The New York Times, USA Today, BusinessWeek, World News, Seeking Alpha & and here at the SEC, whereas, on December 3, 2008, McDuffy came up with the idea for what has become known as the "upbid" rule (no shorting on the bid)- currently being considered to replace the uptick rule. Take a stand against market manipulation...Email, write or phone your Senators (go here) in Washington DC...
Constitutionality of the National Bank: Thomas Jefferson
"The incorporation of a bank, and the powers assumed by this bill, have not, in my opinion, been delegated to the United States by the Constitution.
I. They are not among the powers specially enumerated...
II. Nor are they within either of the general phrases, which are the two following:-
1. "To lay taxes to provide for the general welfare of the United States." ... The [Congress] are not to do anything they please, to provide for the general welfare, but only to lay taxes for that purpose... It was intended to lace them up straightly within the enumerated powers, and those without which, as means, these powers could not be carried into effect...
2. The second general phase is, "to make all laws necessary and proper for carrying into execution the enumerated powers." But they can all be carried into execution without a bank. A bank, therefore, is not necessary, and consequently not authorized by this phrase."