Comments on: Spitzer Then and Now: WSJ Establishes the Linkage http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/ The Business End of the Blogosphere Thu, 16 Oct 2008 02:50:45 +0000 http://wordpress.org/?v=2.5 By: TBlumer http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121059 TBlumer Thu, 13 Mar 2008 19:07:10 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121059 #15, uh, because bankers noticed strange money movements in HIS accounts: <a href="http://politicalticker.blogs.cnn.com/2008/03/12/money-transfers-tipped-off-spitzer-investigators/" rel="nofollow">HERE</A> <BLOCKQUOTE>A criminal investigation began when North Fork Bank notified the U.S. Treasury Department about suspicious activity regarding his bank accounts, the sources said. The suspicious activity involved the transfer of money to shell companies identified as having links to the prostitution ring, they said.</BLOCKQUOTE> #15, uh, because bankers noticed strange money movements in HIS accounts:

HERE

A criminal investigation began when North Fork Bank notified the U.S. Treasury Department about suspicious activity regarding his bank accounts, the sources said. The suspicious activity involved the transfer of money to shell companies identified as having links to the prostitution ring, they said.

]]> By: John Ryan http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121058 John Ryan Thu, 13 Mar 2008 18:24:15 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121058 Why is it that out of the at least 100s of clients the first one whose name is leaked is the Gov of New York (D) ? Why is it that out of the at least 100s of clients the first one whose name is leaked is the Gov of New York (D) ?

]]> By: TBlumer http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121050 TBlumer Thu, 13 Mar 2008 15:17:51 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121050 Repeat: If that’s your idea of “justice,” I just hope you’re never in charge of anything important. Repeat: If that’s your idea of “justice,” I just hope you’re never in charge of anything important.

]]> By: madmatt http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121047 madmatt Thu, 13 Mar 2008 14:57:49 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121047 Some of the assholes at Arthur Anderson enabled Enron to loot its pensions funds and for thousand of enron employees to lose everything...so yes I think it was well deserved! You are the one who voted for bush...I knew he was a scumbag from day 1! Maybe if rethugs believed in OVERSIGHT these problems would not of occurred! Some of the assholes at Arthur Anderson enabled Enron to loot its pensions funds and for thousand of enron employees to lose everything…so yes I think it was well deserved!

You are the one who voted for bush…I knew he was a scumbag from day 1! Maybe if rethugs believed in OVERSIGHT these problems would not of occurred!

]]> By: TBlumer http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121018 TBlumer Wed, 12 Mar 2008 18:52:53 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121018 #11, Of course I know that people on bail have their activities curtailed. You said you want corps "shut down" (i.e., out of business) pending legal resolution. There's a world of diff between that and bail restrictions, and you know it (or I hope so). As to your last sentence, guess away. You know so little it's laughable. BTW, did you know the verdict against Arthur Andersen was overturned in the Enron situation? Are you happy the firm was shut down anyway and thousands who never came anywhere near the engagement were put out of work even though their FIRM was never proven guilty of anything (first item at link)? <a hfref="http://www.bizzyblog.com/2005/12/01/bizzys-am-coffee-biz-econ-links-120105/" rel="nofollow">HERE</A> How much better would it have been to prosecute the offending partner instead from the very beginning? In this case, the Bush Justice Dept. did what Spitzer routinely did to his targets. If that's your idea of "justice," I just hope you're never in charge of anything important. #11, Of course I know that people on bail have their activities curtailed. You said you want corps “shut down” (i.e., out of business) pending legal resolution. There’s a world of diff between that and bail restrictions, and you know it (or I hope so).

As to your last sentence, guess away. You know so little it’s laughable.

BTW, did you know the verdict against Arthur Andersen was overturned in the Enron situation? Are you happy the firm was shut down anyway and thousands who never came anywhere near the engagement were put out of work even though their FIRM was never proven guilty of anything (first item at link)?
HERE

How much better would it have been to prosecute the offending partner instead from the very beginning? In this case, the Bush Justice Dept. did what Spitzer routinely did to his targets.

If that’s your idea of “justice,” I just hope you’re never in charge of anything important.

]]> By: madmatt http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121017 madmatt Wed, 12 Mar 2008 18:44:52 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121017 #10 I hate to tell you but people on bail do have their activities curtailed...they can have bank accounts frozen until a case is resolved, they can be placed under house arrest, they cannot leave the state or the country, they can be drug tested. Thus a corporation should be punished/curtailed for its actions...whether they are intentional committed or thru the malfeasance of its employees. But I am guessing you are the type who believes that as long as the stockholders are getting a cut any villainy can be condoned. #10 I hate to tell you but people on bail do have their activities curtailed…they can have bank accounts frozen until a case is resolved, they can be placed under house arrest, they cannot leave the state or the country, they can be drug tested.

Thus a corporation should be punished/curtailed for its actions…whether they are intentional committed or thru the malfeasance of its employees.

But I am guessing you are the type who believes that as long as the stockholders are getting a cut any villainy can be condoned.

]]> By: TBlumer http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121011 TBlumer Wed, 12 Mar 2008 14:59:50 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121011 #9, oh yeah, that's exactly what I said (/sarc). Beyond the obvious point that a person out on bail isn't "shut down" as you wish guilty-until-proven-innocent corporations to be in your tyrannical utopia, your absurd argument doesn't merit a response. #9, oh yeah, that’s exactly what I said (/sarc).

Beyond the obvious point that a person out on bail isn’t “shut down” as you wish guilty-until-proven-innocent corporations to be in your tyrannical utopia, your absurd argument doesn’t merit a response.

]]> By: madmatt http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121007 madmatt Wed, 12 Mar 2008 14:01:02 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-121007 #8 and thank you for saying that corporations should be allowed benefit from criminal actions...if a person is out on bail, he is not allowed to do a lot of things that he would normally be allowed to do...why should that rule not apply to a corporation that been found in violation of laws...but not yet convicted? Are you saying a corporation should have MORE rights than an individual citizen...if so why? #8 and thank you for saying that corporations should be allowed benefit from criminal actions…if a person is out on bail, he is not allowed to do a lot of things that he would normally be allowed to do…why should that rule not apply to a corporation that been found in violation of laws…but not yet convicted? Are you saying a corporation should have MORE rights than an individual citizen…if so why?

]]> By: TBlumer http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120979 TBlumer Tue, 11 Mar 2008 19:03:18 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120979 #7, thank you for providing us with the everyday-language definition of "guilty until proven innocent," and a perfect precondition for tyranny. You are indeed "madmatt." #7, thank you for providing us with the everyday-language definition of “guilty until proven innocent,” and a perfect precondition for tyranny. You are indeed “madmatt.”

]]> By: madmatt http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120976 madmatt Tue, 11 Mar 2008 17:58:43 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120976 No - they should be shut down until they have proven they are in FULL compliance with all federal and state laws...a little punishment for not properly overseeing their staff, a safety check to make sure an issue like the French had with their largest institution recently isn't happening. No - they should be shut down until they have proven they are in FULL compliance with all federal and state laws…a little punishment for not properly overseeing their staff, a safety check to make sure an issue like the French had with their largest institution recently isn’t happening.

]]> By: TBlumer http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120972 TBlumer Tue, 11 Mar 2008 16:05:09 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120972 #5, I assume you mean "tried and convicted," or do you really mean "shut down" without benefit of the legal process? Spitzer used bullying tactics and his bully pulpit to shut down firms without the benefit of a trial. That's bullcrap. When he did go to trial, he got his hat handed to him: <a href="http://www.bizzyblog.com/2005/07/08/elliot-spitzer-sore-loser/" rel="nofollow">HERE</a> It would be more proper to say he got his a** kicked. #5, I assume you mean “tried and convicted,” or do you really mean “shut down” without benefit of the legal process?

Spitzer used bullying tactics and his bully pulpit to shut down firms without the benefit of a trial. That’s bullcrap.

When he did go to trial, he got his hat handed to him:
HERE

It would be more proper to say he got his a** kicked.

]]> By: madmatt http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120971 madmatt Tue, 11 Mar 2008 15:58:01 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120971 #4 If the firms are profiting by not properly overseeing their staff, then they should be shut down en masse...I have never understood why corporate malfeasance alwayds deserves a pass? #4 If the firms are profiting by not properly overseeing their staff, then they should be shut down en masse…I have never understood why corporate malfeasance alwayds deserves a pass?

]]> By: TBlumer http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120967 TBlumer Tue, 11 Mar 2008 14:59:36 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120967 #3, He chose to shut down whole firms instead of prosecuting the individual "scum sucking thieves." He should have done exactly what you suggested, and didn't. That's the Journal's point. #3, He chose to shut down whole firms instead of prosecuting the individual “scum sucking thieves.” He should have done exactly what you suggested, and didn’t. That’s the Journal’s point.

]]> By: madmatt http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120962 madmatt Tue, 11 Mar 2008 13:54:06 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120962 Seeing as there is a generation of wall streeters that have seen the financial system of the US as a personal ATM I hope there are more Spitzers out there...just because Elliott thinks with his dick, doesn't mean the people he went after were not scum sucking thieves! Seeing as there is a generation of wall streeters that have seen the financial system of the US as a personal ATM I hope there are more Spitzers out there…just because Elliott thinks with his dick, doesn’t mean the people he went after were not scum sucking thieves!

]]> By: Kevin http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120960 Kevin Tue, 11 Mar 2008 13:33:43 +0000 http://www.bizzyblog.com/2008/03/11/spitzer-then-and-now-wsj-establishes-the-linkage/#comment-120960 Tom, if the Ohio GOP had any brains, guts, heart, or spine, they would be investigating Marc Dann from Day One. All evidence points to the contrary, except that Dann not only has Spitzer's zeal and ethics, he also seems to share in that special sense of entitltment. Remember his severe overreaction when a reporter reported that the taxpayers were paying his quasi-daughter's salary in the Sec of State's office? Tom, if the Ohio GOP had any brains, guts, heart, or spine, they would be investigating Marc Dann from Day One. All evidence points to the contrary, except that Dann not only has Spitzer’s zeal and ethics, he also seems to share in that special sense of entitltment. Remember his severe overreaction when a reporter reported that the taxpayers were paying his quasi-daughter’s salary in the Sec of State’s office?

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