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Thu Dec 17, 2015, 12:25 PM

Martin Shkreli is a sacrificial wolf

That's what I said to my spouse this morning. I'll use the words of Ian Welsh to expand on the thought, as he is far more eloquent than I:

"Securities arrests donít happen by accident, and they donít happen just because someone has committed securities fraud. There is so much securities fraud that practically anyone involved the markets beyond the retail investor level could be charged with something. Many investigations are ongoing at any given time, only a few can or will be prosecuted and prosecuting someone as rich as Shkreli is always a political decision.

This is a message.

Rook the proles as much as you want, but donít scream it to the world. We have a good thing going here, sonny, and we donít tolerate people who might wreck it.


Despite his cartoon villain behaviour, Shkrell is far from the worst CEO in America.

Billionaires may do as they please. The only rule is ďdonít destroy the gameĒ."

http://www.ianwelsh.net/martin-shkreli-arrested-for-securities-fraud/


I'm happy to see some semblance of justice in this case, but he's like the one cockroach you see vs the hundreds scurrying behind the walls...

30 replies, 5106 views

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Arrow 30 replies Author Time Post
Reply Martin Shkreli is a sacrificial wolf (Original post)
Cal Carpenter Dec 2015 OP
HughBeaumont Dec 2015 #1
Warpy Dec 2015 #26
The Velveteen Ocelot Dec 2015 #2
H2O Man Dec 2015 #3
Cal Carpenter Dec 2015 #4
H2O Man Dec 2015 #6
MisterP Dec 2015 #15
H2O Man Dec 2015 #16
MisterP Dec 2015 #18
H2O Man Dec 2015 #19
Oilwellian Dec 2015 #22
Katashi_itto Dec 2015 #5
napkinz Dec 2015 #7
Post removed Dec 2015 #12
olddots Dec 2015 #8
bklyncowgirl Dec 2015 #9
jwirr Dec 2015 #10
2naSalit Dec 2015 #11
yurbud Dec 2015 #13
Dorian Gray Dec 2015 #14
Oilwellian Dec 2015 #23
Cal Carpenter Dec 2015 #24
B Calm Dec 2015 #17
stillwaiting Dec 2015 #20
kenfrequed Dec 2015 #21
karadax Dec 2015 #25
Kalidurga Dec 2015 #27
Spitfire of ATJ Dec 2015 #28
Starry Messenger Dec 2015 #29
Cal Carpenter Dec 2015 #30

Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 12:28 PM

1. Yep. Nobody gives a shit 'til you screw over the 1%.

Profiteering from sick poor people = social pariah, but nonetheless legal.

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Response to HughBeaumont (Reply #1)

Thu Dec 17, 2015, 05:56 PM

26. Right, it's the only reason Madoff got nabbed, he robbed the rich

At least now we know why Shkreli was so desperate for fast money that he did something egregious enough to be noticed by the press. I just wonder how many other drug prices are being jacked up just below the radar for the same reason.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 12:28 PM

2. While this is most likely true, I'm still delighted that at least Shrkeli

might be getting his just desserts.

Don't harsh my mellow.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 12:29 PM

3. I both agree and

respectfully disagree. While he is a sacrificial turd being flushed by that corrupt system, I must disagree with the word "merely" -- because he is more than that. Much more.

I agree with the rest of the OP. Recommended.

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Response to H2O Man (Reply #3)

Thu Dec 17, 2015, 12:31 PM

4. It's funny, I added that word at the last second.

You have a point, so I may have to remove it....

Thanks for the rec

eta: yeah, given the very dangerous and immediate real-world consequences of his behavior, there is nothing 'mere' about it.

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Response to Cal Carpenter (Reply #4)

Thu Dec 17, 2015, 12:37 PM

6. The guy is a toxic

parasite. His smugness is revoltingly offensive. He really believed that he was "untouchable." But, as the OP makes clear, he offended the wrong people -- who happen to be the only ones who could touch him. And for the exact reasons you noted: his desire to be high profile in an organized criminal enterprise, which demands secrecy.

Your OP is, by far, the most important on DU. Thank you for posting it!

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Response to H2O Man (Reply #3)

Thu Dec 17, 2015, 02:13 PM

15. he's a sponge flushed down the toilet

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Response to MisterP (Reply #15)

Thu Dec 17, 2015, 02:14 PM

16. !!!!

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Response to H2O Man (Reply #16)

Thu Dec 17, 2015, 02:23 PM

18. someone else noted he was Hugo from "Devil DOll"

/

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Response to MisterP (Reply #18)

Thu Dec 17, 2015, 02:26 PM

19. Yikes!

I will admit that when I saw this fellow's smug grin for the first time on television, it reminded me of the type of kid that the young and pre-nonviolent H2O Man would feel compelled to swat in junior high school.

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Response to MisterP (Reply #18)

Thu Dec 17, 2015, 04:11 PM

22. LOL...I loved Mystery Science Theater! nt

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 12:36 PM

5. Personally I like the guy. At least he was an honest sociopath.

 

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 12:42 PM

7. you forgot the pic ...

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Response to napkinz (Reply #7)


Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 12:49 PM

8. He will be staring in Wall Street 3 this spring

 

after a month at Club Fed .

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 01:10 PM

9. They got Al Capone on tax evasion

The problem is that what he did with the drug prices while reprehensible was not illegal. I do agree that he's a sacrifice to divert the masses, that would be you and me, I am happy to see him go down.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 01:14 PM

10. I think you are right about that. Our government does not

want to interfere with commerce so they are not going after regulations that would stop this totally but they need to send a message - cut that out - and the easiest way to do it is to prosecute one guy everyone dislikes.

I look for this to happen regarding the hatred toward American Muslims also. They will need to send a message that this discrimination and hatred will not be tolerated.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 01:57 PM

11. He was so totally

smug while spilling the beans.. of course he deserve to be the one selected to do a public per-walk so that business can go on as usual behind the "scenes".

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 02:00 PM

13. good analysis.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 02:09 PM

14. You could just look at it like this:

He's so disgusting that even the 1% find him distasteful and don't want to protect him anymore.

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Response to Dorian Gray (Reply #14)

Thu Dec 17, 2015, 04:15 PM

23. He was exposing the game

They can always do as they wish. They just can't be brazen about it.

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Response to Oilwellian (Reply #23)

Thu Dec 17, 2015, 05:47 PM

24. Exactly this

He was too public about it. But comparable things happen all the time and stay behind the scenes.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 02:21 PM

17. Corporate Ass Kissing Republicans will point and say Big Government

 

punishing job creators.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 02:31 PM

20. He wanted to be one of them. He thought he WAS one of them. They said NOPE.

Richly deserved.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 03:26 PM

21. Yup

It is like Martha Stewart or Bernie Madoff. They have to prosecute someone once or twice a decade to inspire condidence in a system that does not work.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 05:52 PM

25. My guess ? A powerful Wu-Tang fan was outbid and

Got revenge. Music transcends.

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Response to karadax (Reply #25)

Thu Dec 17, 2015, 05:59 PM

27. I hope they get that record from him

and play it on all the news networks.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 07:03 PM

28. Some of these assholes think they're HEROES of Capitalism....

 

Some even believe the public thinks that way too.

Seriously.

Like we're singing songs in praise of them.

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Response to Cal Carpenter (Original post)

Thu Dec 17, 2015, 07:08 PM

29. The perp walk picture brought joy to the season though. ;)

Too bad they couldn't arrest one a day before Xmas, a kind of advent calendar!

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Response to Starry Messenger (Reply #29)

Thu Dec 17, 2015, 09:50 PM

30. That is true

I sure would love to see a month full of perp walks for asshole wealth-stealing capitalist pigs in my lifetime

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