Sunday, August 30, 2009
DOJ Catches Leviathan!
"Fomer Louisiana congressman William Jefferson was convicted Wednesday of bribery schemes aimed at enriching him and his family in a trial that featured a freezer full of foil-wrapped cash in alleged bribe money. ... The seven-week trial featured video and audio tapes of Mr. Jefferson meeting with a federal informant. ... Prosecutors argued Mr. Jefferson was driven by greed, using his status as a congressman to carry out business deals to pay off credit-card debt and his daughters' college tuition bills", my emphasis, Dionne Searcey at the WSJ, 6 August 2009, link: http://online.wsj.com/article/SB124950747812708973.html.
What's wrong with greed? Or using your status as a congressperson to line your pockets? Isn't greed endemic to Wall Street? I must hand it to the DOJ, Jefferson, a nobody, will likely go to prison over $96,000 while Henry Paulson (HP) enables his "former" firm Goldman Sachs to get $13 billion from AIG and neither HP nor Lloyd Blankfein has been charged with anything yet. Some justice. See my 24 August 2009 post: http://skepticaltexascpa.blogspot.com/2009/08/henry-paulson-as-joe-mccarthy.html.