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This topic comprises 2 pages: 1 2
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Author
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Topic: EFW: Everything is F&*@#% Wrong with this company
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Bobby Henderson
"Ask me about Trajan."

Posts: 10973
From: Lawton, OK, USA
Registered: Apr 2001
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posted 11-27-2002 06:20 PM
I certainly agree that a criminal investigation might be warranted against EFW for committing fraud.
However, with things like white collar crime, politics commonly interfere. If I go hold up a 7-11 and steal $20, I'll get 20 years to life for it. If I steal $20 Billion, I might get three years at a country club prison and then be able to write books about it afterward. Oh, don't forget the lucrative speaking tours! Hell, if you steal enough money you might get to play golf with the President on a regular basis.
Politics interfere with white collar crime because politicians are commonly bribed. Well, we call them political contributions and such. But it is still bribery. Lobbying is very organized form of bribery. Rich guys give politicians money to look the other way while they raid a pension fund or dump a trillion gallons of industrial waste into a wildlife refuge.
I agree this country must maintain its "war on terrorism," but all the resources devoted to "homeland security" also allow far more slack to all the white collar criminals out there.
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Bobby Henderson
"Ask me about Trajan."

Posts: 10973
From: Lawton, OK, USA
Registered: Apr 2001
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posted 11-28-2002 12:48 PM
Certainly after things like the ENRON debacle, Tyco, WorldCom and Martha Stewart, there is a lot more pressure to punish white collar crime. However, that is only in the interest in getting more suckers --er, I mean investors, to get back into the stock market.
Politicians will still guide policy on their own selfish interests. And if a certain businessman makes it worth their while, such lobbying for the politician's pork for his district, the lawmaker will make it easier for certain businessmen to rip off the public. Overall, the government has lots of loopholes in the books to allow people to defraud customers, investors and taxpayers.
We have a tax code that is, what, 2000 pages long? The only purpose that complexity serves is keeping a great deal of tax attorneys, accountants and many levels of costly bureaucracy employed. Bascially, I call much that government-sanctioned white collar welfare. We could greatly simplify the tax code or even have a flat tax. Most voters and even businesses are in favor of such a thing. But it will never happen for all the self-interested government people and lawyers a better tax code would adversly affect.
Oklahoma has one of the most pathetic worker's comp standards in the nation. It is one of the things that has this state far behind others. The new governor, Brad Henry, knows this all too well. But he doesn't care. His Tulsa law practice makes a -load of money from pursuing worker's comp litigation. Since Thanksgiving time is the peak for slip-and-fall cases, I'm sure their practice is gearing up to make more money.
Anyway, to make my very long point short, yeah EFW needs to be investigated. But I will not be at all surprised if the complaints about EFW fall on deaf governmental ears.
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