Day 1 Everything Changes

[molson_golden2002]

Nice.

Almost as nice as the 'fact' that the VAST MAJORITY of the wars in the last 100 years were all about oil?

[GG]

The government levied the fines after plea bargains were reached in which people pleaded guilty. Pretty straight forward really. You follow so far?

 

Uh, no. In most cases, no one pleaded to anything. In the most high profile case, the charges were dropped (amazing, no?)

 

Companies agreed to pay the fines to have Spitzer go away. That tactic is pretty straightforward on many NYC streets, as well.

 

A lesson? How cute. Legislators write the laws? Or maybe lobbyists write them? I think the lobbyists want these laws inforced, but these super wealthy people see no need to send people of their own class to jail. That's the point I was making.

I didn't know that you can still blame lobbyists for 1933 and 1934 FEDERAL laws.

 

And then your point about late trading. Let's review. You said it was legal. I proved it wasn't. You thanked me as if I proved your point. You were wrong and I was right, ok? You tried getting around that with the inane argument that somehow a federal law wouldn't apply to Wall Street. Who do you think the fvcking SEC regulates? And FYI, Spitzer was working along with the SEC on some of the cases. Federal/State cooperation, ever hear of it?

 

Late trading is legal. Late trading in mutual funds is illegal, yet, the scandal that Ellie brought to light turned out to be less than what the world (including idiots like you) believe it was.

 

Another thing you should look up is a smashing court case named Marbury vs Madison, form John Marshall's day and age. It settled the issue of national supremecy long ago.

 

Oh, yes, Marbury vs Madison, the case that settled states' officials encroaching on federal regulatory powers. Or perhaps, it was the case that allowed prosecutors to declare judicial victory without judicial review.