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Something Mexican Bandits with awesome sombreros don't need.
Badges? What badges? We don't got no badges. We don't need no badges. I don't need to show you any stinking badges!
Badges by Ford Leiden December 28, 2009
A small metal designed frepatooky that folks wear on their chest to identify themselves as being in a position of authority or importance.
Badges, we don't need no stinkin' badges!
badges by Donald Cowboy Cerrone September 11, 2018

55 overall with no badges 

Someone who is so bad at basketball. Flightreacts
You're so bad you're like a 55 overall with no badges

stinking badges

Comes from the movie "Treasure of the Sierra Madre", 1948, starring Humphrey Bogart. Bogie and two other Norteamericanos are looking for gold in Mexico. Banditos come to the campsite and identify themselves as Federales.
"If you guys are the Federales, then where are your badges?"
"¿Badges? ¡We don't need no stinking badges!"
Also a line in a Pink Floyd song:
We don't need no......stinking badges.

YOU DON'T HAVE ENOUGH BADGES TO TRAIN ME! 

The phrase is used either when one person doesn't want to do what another person tells them to do or someone sets something/someone on fire. Now it is usually adapted to make more sense in a conversation or when giving a girl a Charizard.
Ash: Charizard, use Fire Blast!
Charizard: (burns Ash) YOU DON'T HAVE ENOUGH BADGES TO TRAIN ME!

Rapist: It's raping time!
Rapee: (Kicks rapist in the balls) YOU DON'T HAVE ENOUGH BADGES TO RAPE ME!

thieves with badges 

NARCS, POLICE, ETC. ANY ONE WEARING A BADGE WHO HAS BEEN GRANTED WAY TO MUCH AUTHORITY WHO ROBS YOU OF ALL YOUR MONEY AND ANY PROPERTY OF YOURS THAT THEY WANT TO HAVE FOR THEIR OWN.
NARCS ARE NOTHING MORE THAN THIEVES WITH BADGES