Thursday
Feb172011
Fox News Apologizes On Air For Ron Paul CPAC Smear
This is straight bull. I don't have a problem with Bill Hemmer, but I worked at CNN, and I know something about the cable news business. One file would be labeled CPAC 2010, and the other 2011. No other way about it.
Here's the original clip from Fox:
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More clips from CPAC 2011...
Reader Comments (8)
What's more interesting is that Fox felt compelled to address it at all. Ron Paul must have touched a big ole nerve.
Companies Prod SEC on Whistleblower Proposal
http://online.wsj.com/article/SB10001424052748703961104576148690611631226.html?mod=WSJ_hp_LEFTTopStories
This one is interesting cheyenne...
http://www.fins.com/Finance/Articles/SB129780137026786747/SEC-CFTC-and-IRS-Make-Case-for-Hundreds-of-Hires-in-2012
A Lawyer's Perspective on Fraud and Bailouts
http://news.xinhuanet.com/english2010/world/2011-02/17/c_13737179.htm
[snip]
The U.S. State Department has accused Pakistan of not honoring" international laws on diplomatic immunity. But Pakistan's former foreign minister Shah Mahmood Qureshi did not accept that Davis was entitled to claim diplomatic immunity....
.....Attorney General Punjab Khwaja Haris argued that the Vienna Convention also does not give blanket immunity to people involved in heinous crimes.
"The whistleblower bounty program was created by the Dodd-Frank financial-overhaul law enacted last year. The SEC has until April to finalize implementation rules. Under the law, the SEC offers awards of at least $100,000 and as much as 30% of the penalties and recovered funds to people who report knowledge of a fraud. To qualify for an award, the information must lead to a successful enforcement action with sanctions of at least $1 million."
And therein--"successful enforcement action with SANCTIONS of at least $1 million"--lies the problem.
As we learned from the S.E.C. v. BAC action and Judge Rakoff's opinions on that sorry affair, it is difficult to do justice in a court of law when plaintiff and defendant are complicit, and the action is but a sham for public show.
The S.E.C. is all about appearances, kicking the shit out of American middle class valedictorians like Martha Stewart and Mark Cuban. The S.E.C. has about as much a chance of getting a mil in SANCTIONS is zero, as sanctions presumes an unqualified win.
Ain't gonna happen, ever.
No, I'd say this law has much more to do with identifying troublemakers.