Be INFORMED

Sunday, April 13, 2008

Back in the saddle again!

  After ten miserable days of installing and re-installing Windows XP, I'm happy to say that the nightmare is finally over, I hope. Had quite a few hard drive problems, to make matters worse. Seeing your hard-drive shrink down from 340 gigabytes to a measly 33 gigabytes does not help much.

  That's all past and it is time for the Psychotic1 to play catchup. I will be looking at some of the latest goings on in the United States later on today.

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Wednesday, April 09, 2008

More Bush Justice?

  From the NYTimes

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.

Instead, many companies, from boutique outfits to immense corporations like American Express, have avoided the cost and stigma of defending themselves against criminal charges with a so-called deferred prosecution agreement, which allows the government to collect fines and appoint an outside monitor to impose internal reforms without going through a trial. In many cases, the name of the monitor and the details of the agreement are kept secret.

Deferred prosecutions have become a favorite tool of the Bush administration. But some legal experts now wonder if the policy shift has led companies, in particular financial institutions now under investigation for their roles in the subprime mortgage debacle, to test the limits of corporate anti-fraud laws.

  Bush is still looking out for the companies who are ripping you and I off.