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Posts Tagged ‘Edmund Burke’

Persistence Pays Off in Colorado Complaint Against E*Trade

Posted by Larry Doyle on July 24th, 2010 3:50 PM |

“The only thing necessary for the triumph of evil is for good men to do nothing.”

This quote is commonly attributed to Edmund Burke, an Irish statesman, author, orator, and political philosopher who lived in the 1700s. The depth of Burke’s words continue to resonate today. In fact, I thought of his words of wisdom when reflecting on the latest episode in the ongoing saga surrounding the auction-rate securities travesty.

No doubt there remain many miles to go and mountains to climb before real justice and full compensation are afforded all those who were defrauded in the distribution of auction-rate securities. That said, this week brought a small victory for all ARS holders — and one individual specifically — as word broke that the state of Colorado has filed a complaint against E*Trade for improperly distributing auction-rate securities. (more…)

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