HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Cal Carpenter » Journal
Page: 1

Cal Carpenter

Profile Information

Gender: Female
Hometown: Michigan
Member since: Thu Oct 18, 2007, 01:12 PM
Number of posts: 4,959

Journal Archives

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...
Posted by Cal Carpenter | Thu Dec 17, 2015, 12:25 PM (30 replies)
Go to Page: 1