Thanks Familymang - I agree with you regarding politics and my opinions may be foolish but that is not to say that they are not based on historical facts that have been twisted by politics and USG misconduct.
Regarding the issue of legality regarding the compromise of debt instruments with the UST - what is clear is that it is legal to compromise debts owed to an Agency based off the conditions set forth in CFR 902.2. The SPSA are contracts between two USG Agencies and it is clearly legal that one Agency could compromise the debt owed to another Agency. I have not read Calabria book but I have ordered it - do you know for certain if he used the term illegal?
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