Bush Administration refrains from corporate prosecutions
New York Times Posted 32 weeks agoIn 2005, federal authorities concluded that a Monsanto consultant had visited the home of an Indonesian official and, with the approval of a senior company executive, handed over an envelope stuffed with hundred-dollar bills. The money was meant as a bribe to win looser environmental regulations for Monsanto’s cotton crops, according to a court document. Monsanto was also caught concealing the bribe with fake invoices.
A few years earlier, in the age of Enron, these kinds of charges would probably have resulted in a criminal indictment. Instead, Monsanto was allowed to pay $1 million and avoid criminal prosecution by entering into a monitoring agreement with the Justice Department.
In a major shift of policy, the Justice Department, once known for taking down giant corporations, including the accounting firm Arthur Andersen, has put off prosecuting more than 50 companies suspected of wrongdoing over the last three years.
Thoughts
Yes
Submitted on April 9th, 2008 by CORNFINGER66lets keep those pesky regulators out of the businesses. Let the free market work it's wonders.
As we know the market place will police it-self, if the government would just stay out businesses affairs.
So what if the planes do not get inspected. The Airlines that do not take care of their planes, and they start falling out of the sky. People will not fly on their airlines any more, they will go bankrupt. That is the free market at work. Who cares if hundreds of people die, "freemarket".
The sub-prime failures that are happening now, why is the government bailing them out. Is this how the free market is suppose too work?
Love canel- Free Market
Savings and Loan- Free Market
Minning Deaths- Free Market
Etc.
Just let the Free Market work things out. We know corporations will always put their customers well being above profits.
"Greed is good" , cornfinger
Good!
Submitted on April 9th, 2008 by Chuck_JohnsonWe never should have prosecuted Arthur Andersen. I hope government learns its lessons and stays away from regulating businesses.
If you don't smack the bee hive of business, it will leave you alone.
Chuck Johnson is a student at Claremont McKenna College. Feel free to contact him.
So!!
Submitted on April 8th, 2008 by CORNFINGER66"So"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!