The Art of The Deal

labrea_gwFebruary 23, 2012


I've posted about this before in regard to Big Pharma & the cost of Doing business. The If we get caught fund we won't have to admit wrong doing & in the long run profits will be bigger than fine.!

Mary L. Schapiro, the S.E.C. chairwoman, added that repeat offenders remained a problem because âÂÂpeople have short memoriesâ on Wall Street. That forces the commission to bring many of the same types of cases âÂÂso that people donâÂÂt forget that they have these obligations and that somebody is watching and somebody is willing to hold them accountable.âÂÂ

Schapiro explains that defendants wonâÂÂt settle if they have to admit wrong-doing, because then they would face civil suits. She also says that the SEC only settles when it gets at least as much as it could expect if it tried the cases. These two ideas are also contradictory. The SEC can win all kinds of damages, including disgorgement, in a fraud case. Disgorgement means that the defendant has to pay back the money it swindled, cheated and defrauded people out of. So, if the SEC is getting all the money it could get if it won the case, what more could a private party get?

This is so much garbage when the guy on the street gets pepper sprayed of taserd.

Here is a link that might be useful: So much Garbage

Thank you for reporting this comment. Undo

And I was just wondering again today where the idea that not admitting fault in anything came from...

From the largest corporations on Wall Street, to the average citizen, there's this idea that somehow admitting to being human and erring is somehow the worst thing anyone can possibly do!

    Bookmark   February 24, 2012 at 5:33AM
Sign Up to comment
More Discussions
Teddy Cruz for Prez!
Looks like his hat is in the ring, hopefully it's the...
Top Trending Topic on Twitter Come on, Vgkg! This is...
When median incomes are down 15% there is no 'economic recovery'
Wisconsin is #1 in the US for shrinking middle class...
Lena M
Indiana - just plain old discrimination
Indiana House OKs controversial religious freedom bill And...
N.H. fourth-graders’ hawk bill veers into abortion debate
From the Granite State. More proof that these Legislators...
Sponsored Products
Warehouse of Tiffany Lamps Diana 63 in. 3-Light Indoor Chrome Crystal Floor
Home Depot
AICO Furniture - Discoveries Writing Desk with Side Drawers -...
Great Furniture Deal
Fabbian | Oru F25 A01 Pendant Light
$826.20 | YLighting
Deco Design Solid Brass Duplex Outlet Cover
Signature Hardware
Bassett Mirror Transitions 9 piece Multi Poppie Canvas Art
Beyond Stores
New Oriental Area Rug Hand Knotted Wool Baluch Geometric-Floral Art Runner P222
BH Sun Inc
Rural Home Table Lamp With Tiffany Stained Glass Shade
Golden Gazanias Metal Wall Art (Set of 3)
People viewed this after searching for:
© 2015 Houzz Inc. Houzz® The new way to design your home™