Ring of Fire: Halliburton Attacks Investor Protections

[GoLeft TV]

This segment originally aired on the December 15th, 2013 episode of Ring of Fire on Free Speech TV. After the stories of fraud, mismanagement, and corporate greed emerged following the economic collapse of global financial markets in 2008, it looked like we were on our way to meaningful finance reform. But the few reforms that were put in place have proven to be ineffective, and corporations are actively working to dismantle those protections. Ring of Fire’s Farron Cousins talks about the latest corporate assault on investor protections with attorney Matthew Edling.

More at Ring of Fire.

[Katashi_itto]

1. Awesome, talk about cutting your own throat. More power to them!

[stuartsdesk1]

2. If Halliburton Can Defraud our Military on Fuel Sales, Then Why Can't they Defraud Stockholders?

Recall the good old days when the Iraq war was raging and the wild goose hunt was on for WMDs?

Halliburton was found to have overcharged the US military for fuel, by horrendous
multiples of the going market price. To my recollection, nothing was ever recovered
from this scam.

So, a precedent was set which can now be cited by Halliburton in the upcoming case to go before the
Supreme Court concerning Halliburton's challenge to the rights of stockholders to bring class action suits
against companies for fraudulent manipulations of information and stock prices.

Simply stated - If it's OK to cheat the US government, then why isn't it also OK to cheat your stockholders?

Justice Scalia - Is that "Argle Bargle" or is that sound legal thinking?

For some humorous tales about our Supreme Court please go to -

http://stuartsdesk.com/Oldies_But_Goodies.html