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HomeLibor Scandal: This is Racketeering, Folks!!
Posted by Larry Doyle on December 10th, 2012 9:00 AM |
If it looks like a racket, and smells like a racket, and feels like a racket, it is probably a racket.
Those involved in the Libor scandal either directly or on the periphery certainly have little interest in this scandal being defined as a racket and thus subject to the RICO Act. Yet if we are going to have a degree of integrity in defining just what the hell goes on in our financial markets, then we had better hold the bar at the appropriate level if we ever care to root out the cronyism that is eroding our public interest.
The key point there being whether those charged with regulating our markets are truly willing and able to do just that. What is racketeering? (more…)
ARS ‘Penalty Does Not Fit the Crime’ or Why I Am Becoming a Libertarian
Posted by Larry Doyle on February 9th, 2011 7:38 AM |
Why is it that so many people in our nation do not trust our government, our media, and our banking system?
In my opinion, America continues to look and search for people and programs that truly represent their interests. In the course of a conversation yesterday with a former colleague, he spoke cogently as to why he is moving toward being a libertarian and why he believes so many others are as well. I found myself agreeing with him on so many fronts. (more…)
