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The New War on Hedge Fund Managers
I am in the process of reading a very interesting book called "Three Felonies a Day" by Harvey Silverglate. The premise of the book is that our laws and the regulations that implement them are so twisted and illogical that the average professional, in the daily course of his or her professional activities commits, totally unwittingly, around three felonies every day. All it takes is for a prosecutor to decide to press a case against them.
even worse, the book is filled with examples of prosecutions of professionals behaving, they thought, in a perfectly reasonable fashion and, in many cases, they were. The prosecutors, however, were after someone more well-known, or were of the opposite political party. The prosecutor believed that, to avoid prosecution themselves, the professional being "squeezed" would testify against the person the prosecutor really wanted to destroy, even in cases in which such testimony was known by all concerned - including the judge - to be false.
No justice system can work when it has become this corrupted.
Nov 10 03:52 PM
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