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Related: About this forumPapantonio: Republican Donors Now Buying Judges; Democracy Is Officially Done For
Corporate money has been so successful in buying politicians, so corporations have now set their sights on the judiciary. By pouring a little money into a judicial election, a wealthy corporation can stack the deck so that they never get held accountable for the crimes they commit.
Ring of Fires Mike Papantonio and Farron Cousins discuss this.
NoMoreRepugs
(9,475 posts)Dustlawyer
(10,497 posts)The Texas Supreme Court, all Republican, all elected. I got a 1.2 million verdict against a life insurance company that refused to pay. They missed their time to object to certain things (by over 2 years and 1 1/2 years after they were sued). They delayed the case 8 years because the surviving husband was dx with terminal cancer. They expected him to die and go away, he didn't. after the verdict we sat down to mediate the case to avoid an appeal. Their final offer was $15,000 on a 1.2 million judgment with 8 years of pre-judgment interest. Their attorney was the biggest fundraiser for the Texas Supreme Court. they overturned the verdict of the jury on a made up technicality and remanded for a new trial.
This happens everyday now. There is no justice against corporations in Texas since the Texas Supreme Court rules against individuals vs. corporations 94% of the time! Medical malpractice almost doesn't exist in Texas any longer.
forest444
(5,902 posts)Take Tea-Bag megadonor Paul Singer, the 12 billion-dollar TARP baby whose Cayman Islands laundry bought $200 million's worth of Argentine bonds for $48 million - and now expects a cool billion!
http://www.theguardian.com/business/2014/aug/07/argentina-default-griesafault-more-accurate
It goes without saying that that's fraud, and thereby illegal. It's illegal, furthermore, because of the longstanding right of Champerty, which stipulates that bonds cannot be bought in bad faith in order to sue for more later.
But it's technically legal now thanks to precedents set by Lower Manhattan (Wall Street) Judge Thomas Greasa, who even froze all other bondholders' money as ransom until Singer gets his payout (!).
Greasa, I might add, recently bought a million-dollar Montana ranch.