Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: The tip of the iceberg!

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 05 Jul 12 8:46 PM | 91 view(s)
Boardmark this board | The Trust Matrix 		Msg. 08856 of 54959
(This msg. is a reply to 08855 by clo)
Jump:
Jump to board:
Jump to msg. #

Hi clo,

To be fair, a part of what we see here is the process working. The visible issues are the ones in which regulation via disclosure is functioning as it should. Consequences flow from that. At Barclays, for instance, the CEO was forced to resign.

Nor do I get the sense that the pharmaceuticals market is under-regulated. In some cases, drugs have secondary uses and the strict form of regulation can prevent what is described as abuse.

It's the unseen events that bother me. And the forms of practice which are not illegal but which nevertheless inflict damage.

» You can also:
- - - - -
The above is a reply to the following message:
The tip of the iceberg!
By: clo in ALEA
Thu, 05 Jul 12 8:12 PM 		Msg. 08855 of 54959

The tip of the iceberg!

The 'Free Market' & these bastards want LESS Regulation. This is just in the last week

While a $3 Billion dollar fine seems large, consider that their profits over the last 5 years were $90 Billion, according to a discussion on NPR today.

The woman interviewed said many corporations are doing the same.

Until the CEO & COO & others face jail time this will continue.

And most of these same bastards say we should FEAR government. Yeah right...

Glaxo Agrees to Pay $3 Billion in Fraud Settlement

By KATIE THOMAS and MICHAEL S. SCHMIDT

Published: July 2, 2012


In the largest settlement involving a pharmaceutical company, the British drugmaker GlaxoSmithKline agreed to plead guilty to criminal charges and pay $3 billion in fines for promoting its best-selling antidepressants for unapproved uses and failing to report safety data about a top diabetes drug, federal prosecutors announced Monday. The agreement also includes civil penalties for improper marketing of a half-dozen other drugs.

http://www.nytimes.com/2012/07/03/business/glaxosmithkline-agrees-to-pay-3-billion-in-fraud-settlement.html?pagewanted=all

Market Extra Archives

June 28, 2012, 4:13 p.m. EDT

J.P. Morgan loss may reportedly hit $9 billion

Bank’s soured trade could be much bigger than previously estimated

http://www.marketwatch.com/story/london-whale-loss-reportedly-may-hit-9-billion-2012-06-28

June 27, 2012, 2:39 p.m. EDT

Barclays fined $452 million in interest-rate probe

Four top executives at the British bank give up annual bonuses

http://www.marketwatch.com/story/barclays-fined-452-million-in-interest-rate-probe-2012-06-27

« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next