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Institutionalized scapegoating
Two news items at the end of this week reflect the festering cauldron of resentment toward business in American society that government is manipulating to advance its troubling regulation-through-criminalization policy. First, there was the news that New York's Attorney General...
Throw them all in the clink
As noted earlier here and here, the practice of backdating stock options is fundamentally a disclosure issue. However, that has not stopped federal prosecutors from criminalizing the practice as new indictments are now announced almost daily. In this typically lucid...
The WSJ gets it right on the BetOnSports case
After being oddly slow in objecting to the prosecutorial abuses of businesspeople that have resulted in this, this and this (among many others), the Wall Street Journal ($) editorial page finally gets it right in this editorial on the outrageous...
Sending bad messages
It's hard to imagine that the federal government could have sent worse signals to foreign investors in US markets and businesses than the ones that it sent over the past week. First, there was the latest news about the NatWest...
How not to treat friends
First, federal prosecutors heavy-handed tactics generated a political firestorm with one of America's closest allies over the NatWest Three case. Now this: In a sharp escalation of their crackdown on Internet gambling, United States prosecutors said yesterday that they were...
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