Friday, February 7, 2014


Russia.  China.  Turkey. Guatamala. Etc.

Everywhere.  Human beings, especially those who acquire any sort of wealth or power, are almost inevitably corrupt.  Probably those without wealth or power have similar inclinations but far less opportunity.  Would I indulge in insider trading if I had the opportunity?

Okay, I'd be sorely tempted, especially if I thought I could get away with it.

The Martoma trial, and the actions against seven other SAC Capital traders, are just one example of corruption right here at home.  The unusual thing about the SAC situation is that a few actual criminal prosecutions are taking place, albeit, so far, Steven A. Cohen himself remains unscathed.  In this country, you just don't go after a multi-billionaire.

On those rare occasions when the SEC goes after a bank or a big shot, it "agrees to" an impressive sounding but essentially negligible fine with no admission of wrongdoing.


"But wait," you say, "here in the USofA, at the very least, our corruption doesn't involve human rights violations."

Yeah, right.  Abu Ghraib.  Guantánamo.  Secret sites all over.

Then there was Brooklyn, for example, during the long Charles Hynes years.  The new DA, Ken Thompson, is working very hard to undo false convictions from the 1980s and 1990s, but a lot of mostly innocent black men still will spend the rest of their lives in prison.

Mark Twain once said that the United States "has the best Congress money can buy."  Uh huh.

I've been too depressed to write a lot lately, but I'll try to get to Russia, China, Turkey, etc. later this month.

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