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by Eli

When Goldman Sachs Does It, It’s Not Illegal

4:28 am in Uncategorized by Eli

Fun legal fact I learned yesterday: Apparently it’s perfectly okay to outright lie to your customers, as long as there’s some possibility that they’re so “sophisticated” that they know you’re lying.

It’s apparently also okay as long as you have a whole bunch of innocent, hardworking hostages employees that would lose their jobs if your company got prosecuted out of existence. Of course, if you sent the individuals responsible to prison, that wouldn’t put everyone else out on the street. I can only assume that Breuer was worried that aggressive prosecution would drive those delicate souls to suicide like it did to Aaron Swartz.

I’d like to think Breuer is out at DOJ because of gross incompetence, but it’s probably more like he’s completed his mission of escorting the fraudsters safely across the statute of limitations threshold and is now ready to collect his reward.

Cross-posted at Multi Medium Read the rest of this entry →

by Eli

Who Needs April Fools?

8:50 am in Uncategorized by Eli

…When Republicans and Blanche Lincoln (but I repeat myself) are taking credit for healthcare reform?

…When the teabagger holding the (misspelled) N-word sign complains that teabaggers are being unfairly accused of racism?

…When anti-government militia members ask the government to provide them with defense counsel?

…When drug companies are investigating the FDA?

…When Tim Geithner laments how "deeply unfair" it is that all of the bailout’s benefits have gone to Wall Street?

…When a Democratic president embraces "Drill, Baby, Drill"?

April First is just another day now.

(Cross-posted at Multi Medium)