Money Bloody Money

poorandstupid.com ^ | August 7, 2003 | Donald Luskin

[WaterDragon]

Another conspirator gets his blood money. A couple months ago it was Al Gore getting appointed to the board of directors of Apple Computer -- not because he invented the Internet, but as payola for crucifying Apple's competitor Microsoft on a cross of antitrust.

This time it's Eric R. Dinallo, a legal pitbull in New York state attorney general Eliot Spitzer's office, who's getting a big executive job with Morgan Stanley -- one of the investment banks that he helped Spitzer plunder in his Wall Street stock research jihad.

Gretchen Morgenson reports on this in the New York Times without a trace of irony -- she who did so much to cheer on Spitzer and Dinallo.

But the fact is that this is far dirtier than payola. At least with Gore it was a straightforward bribe from a weak company that wanted the government to hobble a strong company.

This is the protection racket -- where a strong company is forced hire a regulator to protect it from the regulators, using Dinallo's relationships to negotiate more effectively and, at the same time, sending a signal to other regulators that there are rewards for going easy.

Your tax dollars at work. And your commission dollars.

Posted by Donald Luskin at 1:23 AM | link

[freekitty]

Don't you just love the way they all get paid off.

The Clintons should really be in jail for what they done; but they are going around promoting books to make them richer on the taxpayers dime.

[Elle Bee]

Rudy & Wlm. Webster and the RICO lawsuit USA v. TEAMSTERs

This is boilerplate

and it all started with Rudy's RICO suitagainst the Teamsters

RICOing an organization

David Eldestein USDJ SDNY made outragious decisions (as he had before against IBM) and issued a Consent Order and now Webster and a series of federal appointees steal more from the union each year as the Independent Review Board (IRB) than any mobster ever had dreamed

and the unions NY council is run by Ant'ny Rummore whose father was tossed because he was named by the IRB as a capo in the Gambino family .... Ant'ny is represented / protected by Tom Puccio another govt. appointee for the trusteeship Goodfellas airport locals

it's a bigger mess now than ever

Hoffa (the father and now the son) was / is cleaner than the feds who tried to keep him out

.