Terrorists are Terrible,
So Are Financial Liars
Is this a great food fight, or what? Now all the cynics -- or maybe it's just all the realists -- in Washington claim the government is running around issuing warnings about terrorist attacks in order to take everybody's mind off the really bad news. The really bad news seems to be that our government is seriously incompetent at dealing with terrorist threats.
...If we don't all die, we'll probably go broke. Actually, I exaggerate. But the continuing follies in the financial industry remind us that screwing up is not something limited to the government. Neither, for that matter, is criminal irresponsibility. Merrill Lynch has just agreed to pay $100 million, which -- I am pleased to find -- is widely reported to be "a slap on the wrist," to avoid the possibility of criminal charges threatened by New York Attorney General Eliot Spitzer. Spitzer's investigation, you may recall, unearthed those endearingly honest e-mails by Merrill Lynch research analysts describing the stocks they were recommending to customers as "dogs," "junk," "crap" and having no merit "except the banking fees" to be had from selling them. [Common Dreams]
The fleecing of America continues as the Corporate Presidency continues its hold on this country. The Republicans have sold out to corporations, and the Democrats have sold out to Hollywood. Makes you want to scream...mj
8:11:36 AM 
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