Sunday, April 28, 2013

"Everything Is Rigged: The Biggest Price-Fixing Scandal Ever."

There's no price the big banks can't fix.


Ed said...

"There's no therapy like sending those who are used to wearing Gucci shoes to jail," he [Greenburg] says. "But when the attorney general says, 'I don't want to indict people,' it's the Wild West. There's no law.""

In the meantime, great concern is expressed by politicians about more legislated background checks on private arms transfers, limits on magazine capacity, and banning so-called "assault rifles" to reduce violence from the mentally ill who they have no intention of forcibly institutionalizing as that would be a deprivation of liberty. It is almost like a magician calling attention to his right hand while his left hand goes to his pocket.

Windy Wilson said...

And big government is involved, if not at the beginning with the regulations that enable such collusion, at the end where Judge Buchwald dismisses the case. Besides, I though the Federal court system was a notice pleading system, so if you pled facts of false imprisonment you could try the case on those facts and receive recovery even if you called your tort "Battery". How Judge Buchwald's decision dismissing on the basis that the plaintiffs pled fraud but called it interference with competition will withstand appeal I don't know.