Ah, yes, now I'm reminded why you have to take justice in your own hands from time to time.

WaltzingMathilda: but we're no closer now than we've ever been.

...from 1950 through 1980, the share of all income in America going to everyone but the rich increased from 64 percent to 65 percent. Because the nation's economy was growing handsomely, the average income for 9 out of l0 Americans was growing, too - from $17,719 to $30,941. That's a 75 percent increase in income in constant 2008 dollars.

But then it stopped. Since 1980 the economy has also continued to grow handsomely, but only a fraction at the top have benefitted. The line flattens for the bottom 90% of Americans. Average income went from that $30,941 in 1980 to $31,244 in 2008. Think about that: the average income of Americans increased just $303 dollars in 28 years.

Link (new window)

The only conceivable positive spin I can think of here is that the DA wants the victim to get as much money as possible in a civil suit, and that putting this guy in prison would interfere with that.

However, like I wrote in one of the umpteen redlit threads, I think this is more a matter of "Nice docket you've got there. Be a shame if it got tied up for three years because of my legal maneuvering"

I love living in a corporate kleptocracy.

"Felony convictions have some pretty serious job implications for someone in Mr. Erzinger's profession, and that entered into it," Hurlbert said. "When you're talking about restitution, you don't want to take away his ability to pay."

Felony convictions have pretty serious job implications for anyone in any profession. So this reads as an argument for never pursuing felony convictions for anyone. Good thinking there Hurlbert.

serial_crusher: I think the "problem" here is that he would have to notify his customers that he was being tried for a felony, which would sour their opinions of him, make them go elsewhere.

The problem here reads more to me, he'd be fired if convicted as a felon and therefore would not draw a salary and be able to pay out in the civil suit sure to follow.

This has to be fake.

Wow, that's all I can manage...

WHAT THE FARK

Can we revolt and shoot all the bankers now? Pretty please?

WaltzingMathilda: slide into? as in, "this never happened 200 years ago, or even 2,000, but is starting to happen now?"

i don't know if we live in a plutocracy, but we're no closer now than we've ever been.

Translation: "I haven't noticed, so everyone else is reactionary"

The sense of entitlement goes on. Bring back the guillotine. We don't have to use it. Just let them know it's an option.

I wonder how much the D.A. received for his services.

Something tells me Hurlburt is going to have a fat war chest when it comes time for re-election.

Eh...I guess I can kind of see this ruling. When it goes to civil court he's going to take this guy to the cleaners. Would the doc rather have this guy sit in jail for a few years and claim bankruptcy or receive a nice cash settlement to take care of his medical issues, etc? Either way, this guy's a piece of shiat. He should at least have to do a shiatload of community service or something...

Urge to kill rising...

Hmph.

I'd have pushed for a plea bargain - misdemeanor, but you have to admit culpability in a civil trial and pay 100% of the victim's medical bills and estimated missed pay for the remainder of his life.

Disgusting.

sboyle1020: Would the doc rather have this guy sit in jail for a few years and claim bankruptcy or receive a nice cash settlement to take care of his medical issues, etc?

How about both.

"Business Insider, for its part, defends Erzinger, saying that due to restitution payments, he "might be working for the rest of his life and giving much of his paycheck a tenth of his next annual bonus to the victim."

Diogenes:
Additionally, what if Mr. Erzinger (god willing) gets hit by a train stray .270 round? Would Morgan Stanley collapse? No one should ever be that singularly important in a business.

There is a solution here, involving the 2nd amendment.

Treygreen13: I guess that "Plutocrat" will soon be the buzzword for Republican here on Fark.

Keep f*cking that chicken.

creepy!

Styro Foam: Can we revolt and shoot all the bankers now? Pretty please?

I have a better solution:



/Televise it and make a profit

Treygreen13: I guess that "Plutocrat" will soon be the buzzword for Republicanelitist assholes here on Fark.

I find it interesting that you would automatically associate this behavior with Republicans though.

paygun: sboyle1020: Would the doc rather have this guy sit in jail for a few years and claim bankruptcy or receive a nice cash settlement to take care of his medical issues, etc?

How about both.

Seriously; convict him on the felony, seize all assets for restitution, send guy to jail.

I got hit by a car while on a bike, so I'm getting a kick out of all these replies.....

/Yes, I did.
/2.5 years later, I still hurt.
/Had my deposition this AM (so I'm REALLY getting a kick out of the replies).

Meh, I got a charge dropped by the judge because I was trying to be a paramedic and it could prevent me from qualifying. The same goes with professional drivers who get moving violations in their personal vehicles. It is better for society for them to continue working, and to pay a big fine.

Of course, now that this is all in the press and smattered all over the internet, I think that whole "I have to tell you I'm a felon" part is moot.

sboyle1020: Would the doc rather have this guy sit in jail for a few years and claim bankruptcy or receive a nice cash settlement to take care of his medical issues, etc?

A fund manger for a billion dollar fund is not going broke even if he sits in jail for a thousand years.

Wonder what other crimes this guy has gotten away with.

Lennavan


The problem here reads more to me, he'd be fired if convicted as a felon and therefore would not draw a salary and be able to pay out in the civil suit sure to follow.


For some reason, I think he already has a sizable bank account, as well as plenty of other assets (houses, boats, portfolio) that could be used to pay a civil suit. Point invalid.

Had they asked the victim first, it would be one thing.

Someday....