There's even a school of thought that asserts that the government can't assert financial privilege if their amendments don't bust the Ministry of Justice's budget, and just move money around within it.

BBC: Looking ahead

Borrowers generally didn't report any income until the stock was forfeited or sold. (Some might not have reported income even then, since Derivium didn't send 1099s.) The IRS and California tax authorities assert that the loans were really sales, in part because now inves-tors can't get their stock back.

FORBES: Magazine Article

The Journal didn't leap at that comment and assert a Bush conspiracy.

FORBES: Throwing Dirt On A Green Venture Capitalist

Even if observers don't see much credit to go around, some institutions were still able to assert their authority.

WSJ: Cyprus Deal Hurts Credibility All Around

We haven't yet seen such compelling evidence, it is not sufficient just for people to assert that things are necessary and then all MPs can say, oh well, that is fine, we will go along with it.

BBC: William Hague