Fraud is a crime, it's been such for a long time. There are actual Congressional investigations with testimony, go read them. https://www.hsgac.senate.gov/imo/me...y of a Financial Collapse (FINAL 5-10-11).pdf The prominent names seem to be Lloyd Blankfein, Daniel Sparks, David Viniar, and Thomas Montag who lied and committed fraud. Blankfein testified once more before Congress in April 2010 at a hearing of the Senate Permanent Subcommittee on Investigations. He said that Goldman Sachs had no moral or legal obligation to inform their clients they were betting against the products they were selling to them because it was not acting in a fiduciary role.[24] Senator Carl Levin accused Blankfein of misleading Congress; however, no perjury charges were brought against Blankfein. Yes, he worked for a giant company that did and does bad things under the blanket security of NDAs. We have evidence he consulted at Michigan Blue Cross prior to them laying people off and raising rates. I'm sure he'll provide consultant speak for that work, you know, redundancies and market inefficiencies. If I were to criticize him directly it would be on the basis that I don't trust him or his sudden rise to prominence and the large money that has backed him. I didn't invent his work record or what he did in South Carolina or even how he handled that angry crowd in South Bend or that fiasco with his police department. Individual Senators don't pass laws, they do it collectively but yes I would put that on Obama's desk of failures, Harry Reid's list. Obama failed the country by not pursuing tougher laws and not prosecuting liars and fraudsters at Goldman and the ratings agencies. When the crooks at a place like Goldman or the ratings agencies cause another collapse we can look back to Obama's failure to act. Almost all of the Democratic candidates including all the progressives left in the field are "white people". I don't know if Yang is considered progressive or not honestly. She's gotten nowhere near the primaries so I don't even consider her a real candidate but point taken.
I'm not arguing the legality of NDAs. Only that NDAs allow bad behavior to go unnoticed and unpunished.
Yes, that's how that works. They can. They can also enable people to engage in good, value-creating endeavors that make the world a better place.
You'll have to give me an example of how NDA's allowed some multinational to make the world a better place rather than simply hid destructive behaviors that society gets the bill on.
Okay. I work for a multinational. I collaborated with a statistician at a consulting company to write a journal article about the energy efficiency benefit of one of our products. To write the paper, I needed to share competitively-sensitive company data about our customers, our prices, and the performance of this product with the statistician. It was important for the company to know they were protected from the consultant sharing this data with our competitors. It is also our obligation to our customers -- residential households -- that we protect their privacy by legally preventing the consultant from sharing their data. So, I had the statistician sign an NDA to prevent her from ever sharing the data from the project with anyone, apart from the analysis we did in the paper. The project was a success and now the energy efficiency benefit is shared with the world and maybe this product will be more widely adopted to capture these benefits we demonstrated. The world is a better place for it, but I would not have been able to do the study if I couldn't compel the consulting company to protect the privacy of my company and its customers.
That's not how the president and DOJ works, the president should never direct a criminal investigation. Thats what Trump would do and you would have a huge issue or should.
I support Pete and we've made donations to his campaign. I've been very upfront about it, too. I've also said numerous times that I'll actively support next November, and before, whoever gets the Democratic nomination, because defeating Mr trump is of paramount importance. I said the same thing when Hillary Clinton was running in 2016, that defeating trump was critical, and that it would be a disaster if he was elected. Well, there were several members here claiming to be liberal, claiming to be progressive, claiming to support Democratic candidates who spent a great deal of time in this forum attacking Hillary Clinton right up until Election Day, and after. @CometsWin is posting about Pete the same way those members posted about Clinton in 2016. I won't name those members, they know who they are, but they represent the shortsighted stupidity that helped put trump in the White House and gave not only our country, but the rest of the Planet an unmitigated disaster. A disaster that gets worse by the day. Those members blame everyone but themselves, and it is people like them that made the difference between Clinton winning and a completely different outcome for liberals, progressives, and moderates, who make up the majority of this country. A 3,000,000 vote majority, despite the active interference of Russia. Yet they continue to believe that they, and people like them, had nothing to do with the outcome of that election. People like them, folks like @CometsWin, helped trump give us this catastrophe in the handful of states that made the difference. I hope they give some thought to the fact that they could end up doing the same thing in 2020. Again, I'll support whoever gets the Democratic nomination, and you won't see me going to bizarre lengths to attack candidates that I hope don't get the nomination. That hope is not based on their positions on the issues. Whoever it is will get my support. That I might not support certain candidates until after the Democratic Convention is based on the pragmatic desire to win next November.
Deckard if you just want to vote for the winner of the primary without having to use your brain to decide who best fits your vision for the future then just roll your calendar forward my friend. The DNC will tell you who to vote for when the time comes. Maybe you should name names so those poor souls don't make the same mistakes. I blame myself for only voting for Clinton once. Take that as you wish. People like @CometsWin voted for Clinton but preferred Bernie. God bless us all.
You should be more concerned about black people trying to take him down. The people who have a problem with him having a regular ass job will come to their senses The media is afraid to challenge black people like the ones upset with his handlng of the police chief and that allows a lot of noise
Great - lots of people were prosecuted and have been sent to jail for fraud in the financial scandal. Thanks for this example. So what did the law say in 2004-2008 on whether Goldman was acting in a fiduciary role? Is there any evidence that Blankfein perjured himself (misleading is not perjury)? And if GS was acting in a fiduciary role and didn't inform clients, is Blankfein personally liable, or is the company liable? And what are the penalties? LOL. Pretty sure BCBS and every other health insurer has been making employment decisions and raising rates every year for decades. Pretty sure fresh-out-of-grad-school junior consultant Mayor Pete doesn't lay off people and raise rates at BCBS individually either, but that didn't matter to you. So Sanders seems just as guilty here. You seem to have forgotten about Dodd Frank. The one example you gave about - Blankfein - was addressed in there.
Basically every small or big business uses NDA's regularly - with employees, 3rd parties, etc. I own an escape room. If I was looking to acquire someone, I'd sign NDA's. If I was looking to sell, I'd sign NDA's before giving out financial info. If I work with a 3rd party accountant, they'd get an NDA. If I was a bigger company, any employees working on game design with us would sign NDA's so they couldn't take our ideas to competitors. Probably every engineer, scientist, finance person, etc has signed NDA's for their employer. Other examples of NDAs? Attorney-client privilege. Doctor-patient confidentiality. Senate intelligence briefings. You've likely signed a bunch of them over your life. Bernie Sanders has signed tons of them throughout his career. Maybe you and he are also responsible for bad behavior going unpunished? I don't know if you simply don't know how a society functions on a basic level, or if you were told to attack NDAs and didn't actually care if it made sense, but this criticism is dumber than the already stupid attack on McKinsey.
His whole narrative is business/capitalism is bad and its sad he thinks that is what make progressive policy and even sadder he thinks it can win an election I know a lot of people are angry that people are still upset no one went to jail for the financial collapse. It was greed run amok but it wasn't fraud, it was negligence
This reads like a very dangerous line of thinking. You want to use the threat of a Trump presidency as a cudgel to silence dissent? It's a primary election and we can't criticize the candidates because it might hurt them down the road in a general election and leave us with Trump? What if one of these candidates is actually worse than Trump is, are we supposed to keep our mouths shut about it to avoid endangering the DNC? Forget that, I can't go there with you. Getting Trump out is a top priority, but there are actually some things that are more important than who the president is and there are some compromises that cannot be made.
