Why Does Ming Have To Do All The Thinking?

Our glorious Government is using AIG as a conduit to prop up sundry domestic and foreign banks by honoring AIG's credit default swap obligations. They should instead declare these swaps to be against public policy and abrogate these obligations when the counterparty had no insurable interest, while refunding the monies paid to AIG.

This won't happen since they fear for the integrity of the world's financial system All this does not get the mild mannered Ming exercised. What does have him frothing at the mouth and chewing the legs off chairs is that one of the lucky recipients of that largesse is UBS to the tune of $5 billion dollars.

This is the same UBS that pled guilty to tax fraud but still won't cough up the names of 52,000 Americans who availed themselves of the UBS tax evasion schemes.

Must one have more than two functioning synapses to conclude the Government should withhold that $5 billion dollar bonanza?

Can't be done, cry our legal Solons. Contract law must be honored. Quite so, admits the chastised Ming who still has vestiges of his sly peasant logic to fall back on. Merely make John Doe tax assessments of $10,000 against each of these unknown tax evaders. Pay UBS their $5 billion and simultaneously seize it since UBS is agent for those 52,000 miscreants, their enabler and the scheme's originator. Let them then sue us in the World Court. Ming remains available to pick up his Noble Prize anytime except between the hours of 9:30 to 4:00PM weekdays when he is otherwise occupied.