Framing the Dialogue

Posts Tagged ‘sec’

Think If You Had To Walk In His Shoes

jpegOne really cannot feel too much empathy for the fact that billionaire Mark Cuban was pursued by the federal government on insider trading charges.  He could, after all, afford either to fight the charges or pay the fine without feeling any pain.  Cuban decided to do the principled thing, the costlier thing, the less expedient thing and fight the charges.  Obama’s Securities and Exchange Commission pursued Mr. Cuban on civil charges and not criminal charges.  I would guess that the burden of proof is less stringent on civil cases so they took the easy path expecting Mr. Cuban like many others to buckle and pay the fine.

News Briefs Volume VII

News briefs are a collection of interesting news stories…

This edition is all about Obama’s bad week though Americans who rely on the mainstream media missed most of the implications.

Brief 1:  Obama and his employees Tim Geithner (Treasury Secretary) and Ed Whitacre (Government Motors CEO) were all a tizzy when GM paid back part of their TARP loans…with interest.  GM even made a commercial to announce the success of the program.  This news of such a government success couldn’t come at a better time for Obama as he looks to take over Wall Street.  Unfortunately Sen. Chuck Grassley and some others (including the Inspector General for the TARP program) read the fine print on the alleged payback…with interest.  Grassley stated;