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The Biggest Lie of the New Century

Posted on September 10th, 2014 at 18:54 by Sueyourdeveloper in category: News

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Corporate executives theoretically work for the owners of the company, namely, the shareholders. But there is an agency problem in that owners can’t closely manage and object to the actions of these executives. Collective owners, such as mutual funds, seem to have no interest in doing so. What we end up with is a management class that works for itself instead of on behalf of the owners of the publicly traded banks. Many of these executives committed crimes; got big bonuses for doing so; and paid huge fines using shareholder assets (i.e., company cash), helping them avoid prosecution.

As for claims like those of white-collar crime defense attorney Mark F. Pomerantz, that “the executives running companies like Bank of America, Citigroup and JP Morgan were not committing criminal acts,” they simply are implausible if not laughable. Consider a brief survey of some of the more egregious acts of wrongdoing…

Funny, but I don’t see much political effort going into “punishment as deterrent” for these crimes that have caused so much damage.


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Are Catholic Priests Obligated to Report Confessions Involving Abuse? The Supreme Court May Soon Decide

Posted on September 10th, 2014 at 14:18 by John Sinteur in category: Pastafarian News

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The Diocese of Baton Rouge has asked the U.S. Supreme Court to review a decision by the State of Louisiana Supreme Court, in which local priest Father Jeff Bayhi was punished for failing to report the sexual abuse of one of his young female parishioners, which the child in question allegedly disclosed during a confession in 2008. The abuser (another parishioner, not a priest) is now dead, but the girl’s parents have sued him — as well as Father Bayhi and the Diocese of Baton Rouge — for the priest’s failure to report the abuse to authorities, as per the state’s mandatory reporting laws. The family alleges that Bayhi’s silence allowed the abuse to continue until the abuser died.


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  1. This is absurd. This was the _victim_ “confessing” and he did nothing?
    When they talk about pastoral care, what do they mean, btw?

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Posted on September 10th, 2014 at 9:40 by John Sinteur in category: News

“I think we risk becoming the best informed society that has ever died of ignorance.”

-Reuben Blades


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  1. I have always had a great deal of respect for Reuben Blades. This quote is just so spot-on.

Cyanide & Happiness #3678

Posted on September 10th, 2014 at 9:36 by John Sinteur in category: Apple

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910


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Comments:

  1. I bought Apple stock a couple of weeks later. It had fallen to $15 per share in post-9/11 trading.