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Bloomberg: Big expose on Koch Industries lying, bribing,breaking the law

Some of these claims seem to be a bit far-fetched (stealing oil form indian reservations etc.) and stem from the one brother being pissed. If SEC can bring down an insider-trading billionaire, I wouldn't think that crazy fraud like that would last for 3 decades.
 
Some of these claims seem to be a bit far-fetched (stealing oil form indian reservations etc.) and stem from the one brother being pissed. If SEC can bring down an insider-trading billionaire, I wouldn't think that crazy fraud like that would last for 3 decades.

Just how long did Bernie Madoff operate?
 
Arrogance.

The brothers know that their money and power will shield them from being directly prosecuted.

They operate like an organized crime syndicate does: Buy influence and power by corrupting everyone and anyone you can. Bully and threaten the rest of them into line. Get away with what you can until you get caught, make sure the dirty deeds are well enough insulated away from you, pay the paultry fines, learn your lesson from the setback by concentrating on how to do the dirty deed again without getting caught, then look for more opportunities to exploit outside the law.

This gives the brothers the edge they need over their competition. They're willing and able to go where others won't because they lack the morals, ethics and decency their competitors are bound by.

This either forces their competition to play by the Koch rules or get out of the game entirely. Either way, the Koch brothers win.
 
Arrogance.

The brothers know that their money and power will shield them from being directly prosecuted.

They operate like an organized crime syndicate does: Buy influence and power by corrupting everyone and anyone you can. Bully and threaten the rest of them into line. Get away with what you can until you get caught, make sure the dirty deeds are well enough insulated away from you, pay the paultry fines, learn your lesson from the setback by concentrating on how to do the dirty deed again without getting caught, then look for more opportunities to exploit outside the law.

This gives the brothers the edge they need over their competition. They're willing and able to go where others won't because they lack the morals, ethics and decency their competitors are bound by.

This either forces their competition to play by the Koch rules or get out of the game entirely. Either way, the Koch brothers win.

This is where they spend money to hire people to support their immoral behavior while waving the flag, hating gays, holding prayer meetings, whatever gets votes.
 
Some of these claims seem to be a bit far-fetched (stealing oil form indian reservations etc.) and stem from the one brother being pissed. If SEC can bring down an insider-trading billionaire, I wouldn't think that crazy fraud like that would last for 3 decades.

It's not Fox News or truthout site, this is bloomberg which is a major financial news site. Even if half these investigative findings are true it's majorly fked up.
 
It's not Fox News or truthout site, this is bloomberg which is a major financial news site. Even if half these investigative findings are true it's majorly fked up.

Yeah, I actually caught it when i first got to work tonight... way longer than the usual bb news article.
 
Not long once the fraud was discovered.

Actually, Bernie was reported to the SEC back in 1999 (Harry Markopolos) and it wasn't until the end of 2008 that he was arrested. So, for nearly a decade AFTER being reported to the SEC he was still going strong and screwing $Billions out of people.

The total theft amounted to upwards to $57B and when you concider the yearly total for street crime (muggings, breakins, car jacking, etc) nets somewhere in the $18B range it is interesting to note that Madoff alone equalled about three years of all the street crime in the entire nation!

Perhaps we should leave the street criminals alone like we do the big guys!


Brian
 
I wouldn't call a conservative blog a good news source on the matter.

Fact are facts, no matter the source.

Few would call Bloomberg a good news source on Koch Industries...

So this balances the thread. 😀

Besides, Powerline isn't the source of the info...
 
Fact are facts, no matter the source.

Few would call Bloomberg a good news source on Koch Industries...

So this balances the thread. 😀

Besides, Powerline isn't the source of the info...

It seems like powerline has a point or 2 about the firing of that lady, but that was only a part of the bb piece. Powerline does not touch any other parts of the bb article. Can't tell if it's because of will or because they couldn't find holes in the rest of the bb article.
 
Fact are facts, no matter the source.

Few would call Bloomberg a good news source on Koch Industries...

So this balances the thread. 😀

Besides, Powerline isn't the source of the info...

It's called credibility. Blogs of any flavor = zero credibility.
 
Fact are facts, no matter the source.

Few would call Bloomberg a good news source on Koch Industries...

So this balances the thread. 😀

Besides, Powerline isn't the source of the info...

Powerline is like crack for Teahadists, along with some other truly revolting sources. One taste, and they're foaming at the mouth. It's specially formulated to turn their dials to 11...

Maybe you should just link Cato, founded & funded by the Kochs...
 
Powerline blog? I guess I'm going to start posting moveon.org blurbs.

I'm not sure bloomberg is really part of the 'liberal media' that conservatives cry about.
 
Powerline blog? I guess I'm going to start posting moveon.org blurbs.

I'm not sure bloomberg is really part of the 'liberal media' that conservatives cry about.

All Media is Libruhl, other than Faux & friends

Sheesh. Don't you know anything? Don't you get the chain emails with their tidbits of contrived outrage? Don't you Know?!
 
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