Comments on: Study: politically connected firms less likely to be hit with SEC penalties https://www.overlawyered.com/2014/06/study-politically-connected-firms-less-likely-hit-sec-penalties/ Chronicling the high cost of our legal system Thu, 19 Jun 2014 12:10:45 +0000 hourly 1 By: William Nuesslein https://www.overlawyered.com/2014/06/study-politically-connected-firms-less-likely-hit-sec-penalties/comment-page-1/#comment-291785 Thu, 19 Jun 2014 12:10:45 +0000 http://overlawyered.com/?p=46515#comment-291785 Harry Markopolis presented to a high level (lawyer trained) official at the SEC a calculus type proof that Bernie Madoff’s operation was fraudulent. The fellow at the SEC could not follow the argument. Inspectors were sent to Madoff’s operation and they saw no problems. This complete inability to reason is not unique to the SEC, but it makes one wonder about the SEC’s ability to charge nebulous crimes like price manipulation (See the recent CATO video mention below.) or insider trading. I like President Obama very much, but I am troubled by his government’s use of mafia type shakedowns.

]]> By: Mannie https://www.overlawyered.com/2014/06/study-politically-connected-firms-less-likely-hit-sec-penalties/comment-page-1/#comment-291574 Wed, 18 Jun 2014 12:53:56 +0000 http://overlawyered.com/?p=46515#comment-291574 In other news, water is wet.

We have the best government money can buy.

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