View Single Post
  #2   Report Post  
Posted to rec.crafts.metalworking
Brian Lawson Brian Lawson is offline
external usenet poster
 
Posts: 721
Default OT-Lobbyists Forge Letters In Derivatives Reform

Hey Tom,

Hah...not real nice, but if you want a real SunOffAhBeach!! story,
look at this:

http://www.youtube.com/user/fiercefreeleancer

Hopefully Uncle George McDuffee will chime in. I'd be interested to
know if it's true. Snopes had nothing about it as of yesterday.

Brian Lawson,
Bothwell, Ontario.

XXXXXXXXXXXXXXXXXXXXXXXXXX

On Sat, 12 Feb 2011 04:57:29 -0800, "azotic"
wrote:

?This story actually comes from back in November, but I just found out about
it due to a recent Planet Money episode all about the regulatory scramble to
rewrite our banking rules. The whole podcast is interesting, but there's a
bit in the middle about one of the tactics used by lobbyists to influence
the rules: they totally forged letters from individuals and small businesses
to make it seem like there was "grassroots" support for a particular
position on derivatives reform.

They just forged the letters entirely -- including from a small Burger King
franchise and a circuit court judge who was not happy about her name being
used this way

Thus, the end result is almost always going to be in the favor of big
players in the industry who can afford lobbyists (whether they do
underhanded things like forge letters or just do more aboveboard lobbying).

http://www.techdirt.com/articles/201...s-reform.shtml

Seems like the regulators are getting played like a violin.
At the very least the justice department should look at filing
RICO charges against those *******s. Notice the main stream
media did not report any of this story.

Best Regards
Tom.