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Old 05-13-2014, 12:22 PM   #47
Marcus
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Re: Corruption in D.C.

SEC Official Claims Over 50% Of Private Equity Audits Reveal Criminal Behavior

http://www.zerohedge.com/news/2014-0...minal-behavior

Quote:
Mr. Bowden, who heads the SEC’s examinations unit, speaking at a private equity conference, explained that “more than 50 percent of private equity firms it has audited have engaged in serious infractions of securities laws.” What is so incredible about the talk, is that while Bowden goes into details of shady practice after shady practice, he ultimately admits that the SEC isn’t being particularly aggressive with the private equity industry because “we believe that most people in the industry are trying to do the right thing, to help their clients, to grow their business, and to provide for their owners and employees.” What the SEC is basically admitting, is that private equity firms are also “too big to regulate” and, of course, “too big to jail.”...
But...

House Republicans find 10% of tea party donors audited by IRS
http://www.washingtontimes.com/news/...utm_medium=RSS
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“If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?”
― Frederic Bastiat, The Law
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