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(The Raw Story)   Deranged liberal moon-bat Elizabeth Warren has another one of her America-hating, crazy liberal ideas: When the government settles cases against companies accused of breaking the law, they should have to publicly disclose the terms of the deal   (rawstory.com) divider line 168
    More: Spiffy, moonbat, confidential settlements, Federal Housing Finance Agency  
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1814 clicks; posted to Politics » on 08 Jan 2014 at 4:55 PM (40 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-01-08 03:52:44 PM  
That sounds like cryptofacist islamist jihadist communist doubleplusgood unfreedom to me
 
2014-01-08 03:57:56 PM  
Bless her heart, she thinks that the corporate overlords that run the House & Senate (and every agency) will actually go for this.
 
2014-01-08 04:00:21 PM  
Corporations are people my friend. They don't disclose the terms of a settlement that you make with the government. Oh wait a minute....Corporations are better than people my friend.
 
2014-01-08 04:02:59 PM  
They'll be less likely to settle if the terms are public as it could open them to lawsuits from everybody else.
 
2014-01-08 04:13:04 PM  

James!: They'll be less likely to settle if the terms are public as it could open them to lawsuits from everybody else.


Or it could be a deter ant to future crimes. When your choices are to settle publicly or go to court you're pretty boned either way. Better to avoid that whole situation and obey the freaking law.
 
2014-01-08 04:17:54 PM  

Ambivalence: James!: They'll be less likely to settle if the terms are public as it could open them to lawsuits from everybody else.

Or it could be a deter ant to future crimes. When your choices are to settle publicly or go to court you're pretty boned either way. Better to avoid that whole situation and obey the freaking law.


Maybe, most of them would still bank on not getting caught.
 
2014-01-08 04:32:14 PM  

James!: Maybe, most of them would still bank on not getting caught.


This is the problem with deterrence.  Most criminals think they'll get away with it or they wouldn't do it in the first place.

I still like the idea of making it all public.  Just like I like the idea of making all papers derived from publicly-funded research available (rather than hidden behind paywalls).
 
2014-01-08 04:37:28 PM  
To everyone dismissing this idea outright.

In a historic move, JPMorgan is expected to admit wrongdoing-in addition to paying an $800 million fine-as part of its settlement with the federal government over the 2012 London Whale trading scandal. And one woman may be partly responsible for this turn of events: Elizabeth Warren. Link

Progress is incremental.
 
2014-01-08 04:47:27 PM  
God I hope that becomes PRESIDENT Deranged Liberal Moon Bat Elizabeth Warren
 
2014-01-08 04:48:46 PM  
This will just drive the banks to hire more lawyers.  No, instead, I think the real solution is to legalize whatever it is that they did to begin with and then monitor it closely in the future.  That's how the unfettered "invisible hand" of capitalism works.
 
2014-01-08 04:51:26 PM  

Ambivalence: James!: They'll be less likely to settle if the terms are public as it could open them to lawsuits from everybody else.

Or it could be a deter ant to future crimes. When your choices are to settle publicly or go to court you're pretty boned either way. Better to avoid that whole situation and obey the freaking law.


Sociopaths tend to not care about consequences because they're so full of themselves they think they'll never get caught, and if they do that they're too important for the rules to apply to them... and that's on the off chance they even passingly acknowledge that what they are doing (or did, or about to do) is even wrong in the first place.
 
2014-01-08 04:57:16 PM  
Government top-down muckraking is only going to go so far.

The people are still overwhelming apathetic about their duty as citizens to hold Congress accountable.

Sooner or later some stupid multi-billion dollar conglomerate is going to shut her up or make her life hell.
 
2014-01-08 04:57:20 PM  
Under Mary Jo White, The SEC just changed policies where they no longer allows defendants to settle matters without admitting or denying any wrong doing.  If you're guilty, you're guilty
 
2014-01-08 04:57:42 PM  
The Truth in Settlement Act, which was cosponsored by Sen. Tom Coburn (R-Oklahoma)

There's an unlikely pair.
 
2014-01-08 04:59:13 PM  
That's...pretty cool actually.
 
2014-01-08 05:00:20 PM  
I don't know about banks and their government settlements but it's usually insurance companies that make not releasing details part of any settlement.

But bless her heart.
 
2014-01-08 05:00:53 PM  

obenchainr: James!: Maybe, most of them would still bank on not getting caught.

This is the problem with deterrence.  Most criminals think they'll get away with it or they wouldn't do it in the first place.

I still like the idea of making it all public.  Just like I like the idea of making all papers derived from publicly-funded research available (rather than hidden behind paywalls).


Eh, the thing about papers is that it is really up to the journal as to whether they publish it.  It's not like the scientist is not trying to get their research out there.
 
2014-01-08 05:01:06 PM  
This goes way beyond banks. Penn State spent $60 million getting 26 Sandusky victims to sign non-disclosure agreements. I bet they would have disclosed that Sandusky was a pimp.
 
2014-01-08 05:01:41 PM  
Even if every other member of the party is boaf sides r bad the dems got Warren so they win...
 
2014-01-08 05:01:58 PM  

impaler: The Truth in Settlement Act, which was cosponsored by Sen. Tom Coburn (R-Oklahoma)

There's an unlikely pair.


He was one of the few who spoke out against the government shutdown derp, but voted against the bill to end it.

So yeah. Kind of WTF.
 
2014-01-08 05:02:16 PM  

what_now: God I hope that becomes PRESIDENT Deranged Liberal Moon Bat Elizabeth Warren


Not as much name recognition as Hillary though.  And we all know that's what really matters.
 
2014-01-08 05:04:01 PM  

ikanreed: what_now: God I hope that becomes PRESIDENT Deranged Liberal Moon Bat Elizabeth Warren

Not as much name recognition as Hillary though.  And we all know that's what really matters.


By that logic, Sarah Palin should already be President. Several times.
 
2014-01-08 05:09:26 PM  
Typical Warren. It sounds great if you have less than two brain cells. Think about it for a second! If they had to disclose what they did then they would be less likely to settle. Is she trying to waste government and private funds? Did the trial lawyers put her up to this?
 
2014-01-08 05:09:40 PM  

ikanreed: what_now: God I hope that becomes PRESIDENT Deranged Liberal Moon Bat Elizabeth Warren

Not as much name recognition as Hillary though.  And we all know that's what really matters.


With democratic primary voters? She has solid name recognition and NONE of Hillary's baggage.
 
2014-01-08 05:10:25 PM  

The Stealth Hippopotamus: Typical Warren. It sounds great if you have less than two brain cells. Think about it for a second! If they had to disclose what they did then they would be less likely to settle. Is she trying to waste government and private funds? Did the trial lawyers put her up to this?


Perhaps they should simply STOP BREAKING THE LAW. Actions have farking consequences.
 
2014-01-08 05:10:32 PM  
Well, I guess we know which is the only side of the revolving door she's gonna see.
 
2014-01-08 05:11:03 PM  

James!: They'll be less likely to settle if the terms are public as it could open them to lawsuits from everybody else.


Exactly. If you cause your targets so much pain that they actually decide to fight you, it's alot harder to extort settlements from them.
 
2014-01-08 05:11:14 PM  

altside: Under Mary Jo White, The SEC just changed policies where they no longer allows defendants to settle matters without admitting or denying any wrong doing.  If you're guilty, you're guilty


The Alford Plea weeps.
 
2014-01-08 05:11:29 PM  
Extend this to all govt settlements and you have a deal, not just ones dealing with corps.
 
2014-01-08 05:11:44 PM  

ikanreed: what_now: God I hope that becomes PRESIDENT Deranged Liberal Moon Bat Elizabeth Warren

Not as much name recognition as Hillary though.  And we all know that's what really matters.


Isn't that what they said in '08?
 
2014-01-08 05:12:10 PM  

The Stealth Hippopotamus: Typical Warren. It sounds great if you have less than two brain cells. Think about it for a second! If they had to disclose what they did then they would be less likely to settle. Is she trying to waste government and private funds? Did the trial lawyers put her up to this?


Good. Don't settle. Let's drag corporate maleficence into the daylight.  Let's go for criminal charges.  Enough of this "Well, you've ruined the world's economy for lolz, so you have to pay us the equivalent of one week of your corporate hookers n blow budget" shiat.
 
2014-01-08 05:12:29 PM  

The Stealth Hippopotamus: Typical Warren. It sounds great if you have less than two brain cells. Think about it for a second! If they had to disclose what they did then they would be less likely to settle. Is she trying to waste government and private funds? Did the trial lawyers put her up to this?


She knows that very well but is saying this stuff to appeal to her supporters (who admittedly have fewer than two brain cells)
 
2014-01-08 05:15:36 PM  

The Stealth Hippopotamus: Typical Warren. It sounds great if you have less than two brain cells. Think about it for a second! If they had to disclose what they did then they would be less likely to settle. Is she trying to waste government and private funds? Did the trial lawyers put her up to this?



yeah - screw the public's right to know this stuff!  The need to reduce litigation costs is way more important!
 
2014-01-08 05:15:56 PM  

what_now: ikanreed: what_now: God I hope that becomes PRESIDENT Deranged Liberal Moon Bat Elizabeth Warren

Not as much name recognition as Hillary though.  And we all know that's what really matters.

With democratic primary voters? She has solid name recognition and NONE of Hillary's baggage.


But is she any younger? I want an Elizabeth Warren in the WH at 40, not at 70.
 
2014-01-08 05:15:58 PM  

Debeo Summa Credo: James!: They'll be less likely to settle if the terms are public as it could open them to lawsuits from everybody else.

Exactly. If you cause your targets so much pain that they actually decide to fight you, it's alot harder to extort settlements from them.


Except how much do they really pay in settlement?  Not a lot.
 
2014-01-08 05:17:25 PM  

Dr Dreidel: what_now: ikanreed: what_now: God I hope that becomes PRESIDENT Deranged Liberal Moon Bat Elizabeth Warren

Not as much name recognition as Hillary though.  And we all know that's what really matters.

With democratic primary voters? She has solid name recognition and NONE of Hillary's baggage.

But is she any younger? I want an Elizabeth Warren in the WH at 40, not at 70.


Why? That wasn't an issue with any other 70 year old
 
2014-01-08 05:18:35 PM  

The Stealth Hippopotamus: Typical Warren. It sounds great if you have less than two brain cells. Think about it for a second! If they had to disclose what they did then they would be less likely to settle. Is she trying to waste government and private funds? Did the trial lawyers put her up to this?


The lawyers get paid either way. Are you too stupid to understand that?
 
2014-01-08 05:20:46 PM  
Dusk-You-n-Me:

Progress is incremental.

America: Inching toward democracy!
 
2014-01-08 05:21:23 PM  

what_now: Dr Dreidel: what_now: ikanreed: what_now: God I hope that becomes PRESIDENT Deranged Liberal Moon Bat Elizabeth Warren

Not as much name recognition as Hillary though.  And we all know that's what really matters.

With democratic primary voters? She has solid name recognition and NONE of Hillary's baggage.

But is she any younger? I want an Elizabeth Warren in the WH at 40, not at 70.

Why? That wasn't an issue with any other 70 year old


Really? No one cared that McCain was older than copper in '08? Or even Hillary?

For better or worse, age is a proxy for mental acuity. All other things being essentially equal, I want a younger person in the WH. Envaginated or not.
 
2014-01-08 05:23:05 PM  

Felgraf: Perhaps they should simply STOP BREAKING THE LAW. Actions have farking consequences.


Everyone taken to court is guilty?! Sometimes businesses make the business decision to limit the loss and go on with life. Sometimes the prosecutor realizes that the case is so-so and wants an out.

This would basically destroy that.


what_now: Good. Don't settle. Let's drag corporate maleficence into the daylight. Let's go for criminal charges. Enough of this "Well, you've ruined the world's economy for lolz, so you have to pay us the equivalent of one week of your corporate hookers n blow budget" shiat.


For the lulz? Yeah that would cost billions and hurt the economy more. Yeah lets do that. At the end of the day the settlements won't increase but the cost of getting those settlements will. And what do you think will happen to Goldman Sach (just pulling a name for the hat) if their name was dragged though the mud? The people who think they are evil incarnate will still think they are evil incarnate and the people who love them will still love them.

This is strange, normally I can get behind what Coburn does. Not all the time mind you but most of the time.


Hell, I vote for him.
 
2014-01-08 05:23:51 PM  

The Stealth Hippopotamus: Typical Warren. It sounds great if you have less than two brain cells. Think about it for a second! If they had to disclose what they did then they would be less likely to settle. Is she trying to waste government and private funds? Did the trial lawyers put her up to this?


The problem is that settlements don't change behavior. They become a cost of doing business.
If a real human being pulled some of the illegal stunts these banks and "institutions" have pulled, that real human being would be facing jail time. Making these "entities" disclose the terms of their settlements is the least the public should expect. Personally I would like to see the members of the board of directors for these "entities" held personally responsible for their illegal activities. Fine the company and send the board members to prison and you'd see some changes. Having huge amounts of money should not place them above the law.
 
2014-01-08 05:25:39 PM  
The Stealth Hippopotamus: For the lulz? Yeah that would cost billions and hurt the economy more. Yeah lets do that. At the end of the day the settlements won't increase but the cost of getting those settlements will. And what do you think will happen to Goldman Sach (just pulling a name for the hat) if their name was dragged though the mud? The people who think they are evil incarnate will still think they are evil incarnate and the people who love them will still love them.

If this was true, these companies wouldn't work so hard to keep the settlement terms private.
 
2014-01-08 05:26:09 PM  

fuhfuhfuh: The lawyers get paid either way. Are you too stupid to understand that?


So you don't know that billable hours are?

And you're questioning someone else's intelligence?
 
2014-01-08 05:26:34 PM  

The Stealth Hippopotamus: Typical Warren. It sounds great if you have less than two brain cells. Think about it for a second! If they had to disclose what they did then they would be less likely to settle. Is she trying to waste government and private funds? Did the trial lawyers put her up to this?


ultimateflytying.com
 
2014-01-08 05:30:51 PM  
So it would appear the opposition to this idea is that these institutions are too big to go after, it would cost too much, it would hurt the economy more, it wouldn't change a thing anyway, people will still love them, people will still hate them, they'll be less likely to settle, they can afford to settle, they can afford to litigate...that's it, so far.

It's amazing how eager some people are to lay down for these legal criminal institutions. And we wonder why they keep doing it? I mean WTF, like bending over is going to make them stop? 40 comments in and we've 15 excuses not to go after these guys. Gee golly, it's a wonder these keeps happening! Yup, but there ain't nothing we can do about it! We're totally helpless here. In fact, why have an SEC at all? Un-f*cking-real.
 
2014-01-08 05:30:59 PM  

whidbey: Government top-down muckraking is only going to go so far.


For once, you have a point. Regulatory capture is still a major problem in relying on the government to protect the interests of its citizens over those of predatory companies.
 
2014-01-08 05:32:20 PM  
What would happen if we put young black men in charge of these banks? Would you guys be willing to press criminal charges then?
 
2014-01-08 05:32:23 PM  
Um, everyone is aware that the point of the legislation is to hold regulatory agencies accountable right?

"'Increased transparency will shut down backroom deal-making and ensure that Congress, citizens and watchdog groups can hold regulatory agencies accountable for strong and effective enforcement that benefits the public interest,' said Warren "
 
2014-01-08 05:33:04 PM  

The Stealth Hippopotamus: fuhfuhfuh: The lawyers get paid either way. Are you too stupid to understand that?

So you don't know that billable hours are?

And you're questioning someone else's intelligence?


Look at you, thinking that these deals are cut without the input and work of lawyers. Who makes these deals, fairy folk? Who spends hundreds of hours drafting up the paperwork detailing the terms of disclosure and the terms of the settlement?

Fun fact as well, government lawyers tend to work on a salary, not on billable hours, so the only entity that would end up incurring more costs would be the company being litigated against. The government lawyers still get the same pay, regardless if they are in the courtroom or in their office.
 
2014-01-08 05:34:07 PM  
She's a monster. A monster.
 
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