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Apropos Quote: The most formidable weapon against errors of every kind is reason. - Thomas Paine
Monday, 28 November 2011 15:14
The Hon.
over mortgage-backed securities fraud allegations. absolutely blasts the collusion he sees between the SEC and those it regulates.
Under the law, Judge Rakoff was obligated to determine whether this settlement was "fair, reasonable, and in the public interest"; the SEC argued that no, the public interest didn't actually matter—and, if it did, the SEC itself could assess what the public needed.
Why not?Anything less would not only violate the constitutional doctrine of separation of powers but would undermine the independence that is the indispensable attribute of the federal judiciary. Before the Court determines whether the settlement is fair, it must ask a preliminary question: fair to whom?Applying these standards to the case in hand, the Court concludes, regretfully, that the proposed Consent Judgment is neither fair, nor reasonable, nor adequate, nor in the public interest.
Read more of this DailyKos Article
Latest Comments
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I live in Texas and have just had my Tier IV benefits (13 weeks) "triggered off" as of May 12th. Everyone that I know is unemployed. I don't know where the state ...
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There is also another company who has had their name stolen, Hostmonster INC, a legit web-hosting company has had their name stolen. They are the newest victims ...
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Walker in WI can twist the numbers however he likes-but the reality is this...since walker's coming into office, over 30,000 WI jobs have been lost--and now ...
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..so i called Colorado unemployment and they said "Yes" for Federal Extended benefits...i will let you know..
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No, unfortunately not. It's a tough position, and so many folks didn't see this coming. If you go to city-data forum.com and look under the threads under KLHart62 ...
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