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chedarefollowshare
1-18-2009 3:58 AM
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chedare says:
Wall street wankers rooted the worlds economy they want to jump if they dont know way we,re happy to show them...It's no defense for an executive who bends the truth to say that he did so only to prevent a run-on-the-bank-type situation, says one criminal-defense lawyer. (The lawyer requests anonymity because in this climate, he notes, such an on-the-record statement might lose him some business opportunities.) Even if the executive thinks that short-sellers are spreading lies about his company, he can't respond in kind. If he does, this lawyer says, "he's betting the farm. He's betting his life.""This is the ugliest enforcement environment I've ever seen in my professional career," says one criminal- defense lawyer, who also asks for anonymity.The prosecutors are to look for unambiguous, intentional wrongdoing - and since a lay jury will be the official scorer here, the simpler the wrongdoing, the better.
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1-18-2009 4:46 AM
chedare
Today's credit collapse has already vaporized about $9 trillion in investment capital, while ripping another trillion in assorted bailout money from the pockets of enraged taxpayers - also sometimes known as "jurors."Informed sources claim it,s not all over yet.To the chagrin of Joe Q. Public there will be serious defences in these cases.To begin with bad bad business models are not crimes.
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