Tuesday, February 22, 2011

SEC Expert on Why It is a Wuss at Litigation

Via Naked Capitalism. 
The underlying issue is that there is no such thing as a free lunch. Americans (at least certain Americans) love to grumble about their taxes. Yet Europeans and Australians are more heavily taxed and are happier with the services they get from their governments (I heard no complaining in Oz and I circulated pretty widely; surveys confirm my impressions re Europe).
One wag remarked that maybe the reason Europeans aren’t unhappy with their government services is that their countries are better at that than the US is. That could actually be true, particularly since the game plan here over the last 30 years seems to have been to make government less competent as a justification for shrinking it further.
But a second reason is our system has become deeply corrupt, and having failed to be attentive to safeguards early on, it is not clear how to reverse that. The US has long been suspicious of career bureaucrats (even though they are the backbone of important agencies like the Department of Defense and the Department of State), yet when the are seen in their societies as an elite (think of the status held by federal judges), they can attract people with a sense of professionalism who are willing to take a bit less than private sector pay to have a stable career, demonstrably important work, and respectability. That may sound simplistic (and there are plenty of cases where the mandarin model falls short of its promise) but right now, even the not-that-successful implementations look a ton better than the revolving door between agencies of the Executive Branch and power broker law firms.
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1 comment:

  1. Hi Nandine,

    How are you? I have a question for you since you are so well aware of white collor crime. I would really appreciate your opinion on the same.

    Here is the problem:

    X group of problem employees use a blogger A to stalk Y. Blogger A has been given a story that some organization wishes to do it, and senior managers have approved it. Now blogger A does not have any reason to doubt the statement since the blogger is interacting with some senior people.
    However, the blogger is being misused unknown to him/her. The X group of employees are problem employees and they have ganged up against Y. They are using the company resources, and are lying to the CXOs about what they are doing. They basically are misleading the person whose name is being used and the blogger. They are also threatening Y to disclose confidential details of fraud investigations since they will be able to blackmail the CXOs

    My advise to the blogger would be to contact the real seniors and find out the true story before committing something unethical and unlawful. Specially is very senior CXOs name is being misused.

    According to you what should the involved people do?

    Kind regards,