Thursday, May 31, 2012
SEC: Taking on Big Firms is 'Tempting,' But We Prefer Picking on Little Guys | Matt Taibbi | Rolling Stone - If you want to see a perfect example of how completely broken our regulatory system is, look no further than a speech that Daniel Gallagher, one of the S.E.C.’s commissioners, recently gave in Denver, Colorado. It’s a speech whose full lunacy is hard to grasp without some background. It’s by now been well-established that the S.E.C.’s performance in policing Wall Street before, after, and during the crash has been comically inept. It would be putting it generously to say that the top cop on the financial services beat has demonstrated particular incompetence with regard to investigations of high-profile targets at powerhouse banks and financial companies. A less generous interpretation would be that the agency is simply too afraid, too unwilling, or too corrupt to take on the really dangerous animals in this particular jungle.
Edwards not guilty on one, deadlock on others - POLITICO.com - The jury in the trial of John Edwards has found the former senator not guilty on one count and is deadlocked on the remaining five, leading the judge to declare a mistrial on them, the Associated Press reported.
Jury only unanimous on one charge in John Edwards case – This Just In - CNN.com Blogs - The prosecution has asked for the jury to go back in the jury room to deliberate. The defense has asked for a mistrial on the remaining counts. The judge is taking a five minute recess on the matter.
VIDEO: Toddler's Homophobic Song Puts Church on LOCKDOWN ... Pastor Getting Death Threats | TMZ.com - Members of an Indiana church say they've been flooded with death threats since video of a 3-year-old proudly singing, "Ain't no homos gonna make it to heaven" ... was posted on the Internet. Multiple members of the Apostolic Truth Tabernacle Church in Greensburg, Indiana tell TMZ the church office has been getting harassing calls and the pastor has received death threats at his home.
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