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Almost always overfitting to recalibrate your model after just one observation.
My prior is that these guys are crooks and, well, they got off. Happens all the time to people not poor or in Georgia.
Convict members of the Aristocracy that owns our govt. and its minions? It was never going to happen.
Just another day in the downward slide into the cesspool for average Americans.
The self annointed ones do no wrong. Oh and aren't you just pleased as punch that they got some H1N1 vaccine.
Best Democracy money can buy. Just proved again.
We are a nation of idiots, proved daily, that worships the rich and famous. Adam Smith was also dumbfounded by this strange fact of American life 200 year ago. So am I.
These verdicts make no sense. Either they truly believed that the investments were solid, as they told their investors, or they didn't. If they believed their own stories, then why were they taking millions of their own money out while telling the investors to stay in? Take your pick, this is either insider trading or fraud.
There is, however, one way to make sense of these verdicts. We, as a society have moved so far from our founding principles towards Reagan's "greed is good" that it is inconceivable that a rich person could be guilty of a felony. Does anyone know the way back to America from Amerika?
The 'Shylocks' you know.
You make a good point.
we know these guys are guilty, we should hang them from a tree, trial or not here we come.
The fed's subpoena for the def's emails was ruled unconstitutionally overbroad, and that excluded essential emails. That is why they got acquitted.
Maybe this verdict has less to do with the criminality of their actions than it is a comment on the fact that banksters have been buying congress people for decades to write the laws as they wish them to be. Just because it's legal, doesn't mean it's not a crime.