Murdoch (News Corp) May have Violated Foreign Corruption Act

[titaniumsalute]

http://www.rawstory.com/rs/2011/07/12/murdoch-reporters-bribes-to-british-cops-violates-u-s-law/

Here's a great article on how many problems News Corp. is really going to have in the near and long-term future. The biggest could be violating the Foriegn Corruption Act if Murdoch or other Execs are proved in Britain of knowing the details of the corruption and bribery. Then there's billions in the legal fees they are going to have to pay. Of course if they wire-tapped or hacked phones, or bribed any officers here in the US they are toast.

Heeheehee.

[EFerrari]

1. They're only toast if Holder moves and that doesn't seem likely. n/t

[Ichingcarpenter]

4. State Attorney Generals are the only recourse

that I see right now, that and SENATE HEARINGS AND INVESTIGATIONS, we hold the Senate and they could do
this under the constitution.

The Senate Church committee investigate the FBI and the CIA
after watergate.

Holder is worthless, we all know this.

[EFerrari]

5. Do they have jurisdiction?

When you look back, you realize what a miracle Frank Church was.

[Ichingcarpenter]

6. yes

church investigations

http://en.wikipedia.org/wiki/Church_Committee


Permanent Subcommittee on Investigations
http://hsgac.senate.gov/public/index.cfm?FuseAction=Subcommittees.Investigations


A History of Notable Senate Investigations

http://www.senate.gov/artandhistory/history/common/investigations/pdf/MailContracts_fullcitation.pdf

[no_hypocrisy]

2. Can a taxpayer sue a Writ of Mandamus and make Holder do his job?

[malaise]

3. Saw a great interview with Barbara Boxer on BBC's News Night

She laid it out well

[KharmaTrain]

7. This Case Will Take Years...

The newspapers have been losing money and value as more people turn to the internet and the "telie" for their news. The real gold in the Murdoch realm is the Fox network. The good thing is if Murdoch is found guilty of any type of crime abroad it can be used by the FCC to revoke the broadcast licenses of the 27 or so Fox television stations...most located in major markets. It's been done before...the FCC closed down RKO General for various violations (http://en.wikipedia.org/wiki/RKO_General)...but it took over two decades for it to happen and allowed RKO principals to sell off those stations for big money and free of any personal liability.

The Fox properties are and will remain valuable and I suspect that there may be a shake-up and split in the Fox board to isolate and protect these assets while they find buyers for the various parts. I hope Murdoch is taken down but he still has a lot of power and money to throw that will slow down any real financial collapse of his company...there's too much at stake for too many here.