Peter Mandelson Quotes
The problem with having an all-encompassing privacy law … is the protection it gives to those who don’t merit protection. [Corrupt officials]
Peter Mandelson, British Member of Parliament (Labour), Interview, BBC TV, Breakfast With Frost, August 1997
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Before there was a separation of powers, the term “magistrate” referred to public officials who had the executive and judicial powers as well as some legislative authority. The term “Chief Magistrate” applied to the President of the United States is somewhat of a throwback to this older term and concept. In 17th century Ireland, magistrates were the chief authorities of each subarea, and corruption was rampant. To this day, the invitation to corruption and lack of long term interest in governance is given to support long terms of office and to oppose term limits.
The States sold bonds to finance the Revolutionary War. Some states had better prospects for redeeming their bonds than others. Georgia, South Carolina and North Carolina in particular had poorer prospects than most and their bonds were selling at about 25 cents on the dollar. Alexander Hamilton, then the Secretary of the Treasury, wanted the new Federal government to assume the state’s war debt and pay off the bonds. He made his proposal for how he would accomplish this on January 14, 1790. He delivered his report and proposal to Congress “Report on the Public Credit”. As soon as Hamilton’s proposal was read in Congress, sophisticated speculators set off for the Southern States to buy up as many bonds as they could before the owners found out that a Federal bail-out was under serious consideration. They could easily double, triple or even quadruple their money. To Jackson this was gross immorality. Other representatives had a different point of view. See {619928} & {619929}.
What was remarkable was that all the Defense Department and military witnesses agreed with Lynch on this point.
Peter Benjamin Mandelson, Baron Mandelson PC is a British Labour politician who served as First Secretary of State from 2009 to 2010. A member of the Labour Party, he was President of the Board of Trade in 1998 and from 2008 to 2010. He is the president of international think tank Policy Network, honorary president of the Great Britain–China Centre, and chairman of strategic advisory firm Global Counsel.
