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Cal Carpenter
Cal Carpenter's Journal
Cal Carpenter's Journal
December 17, 2015
I'm happy to see some semblance of justice in this case, but he's like the one cockroach you see vs the hundreds scurrying behind the walls...
Martin Shkreli is a sacrificial wolf
That's what I said to my spouse this morning. I'll use the words of Ian Welsh to expand on the thought, as he is far more eloquent than I:
"Securities arrests dont happen by accident, and they dont happen just because someone has committed securities fraud. There is so much securities fraud that practically anyone involved the markets beyond the retail investor level could be charged with something. Many investigations are ongoing at any given time, only a few can or will be prosecuted and prosecuting someone as rich as Shkreli is always a political decision.
This is a message.
Despite his cartoon villain behaviour, Shkrell is far from the worst CEO in America.
Billionaires may do as they please. The only rule is dont destroy the game."
http://www.ianwelsh.net/martin-shkreli-arrested-for-securities-fraud/
This is a message.
Rook the proles as much as you want, but dont scream it to the world. We have a good thing going here, sonny, and we dont tolerate people who might wreck it.
Despite his cartoon villain behaviour, Shkrell is far from the worst CEO in America.
Billionaires may do as they please. The only rule is dont destroy the game."
http://www.ianwelsh.net/martin-shkreli-arrested-for-securities-fraud/
I'm happy to see some semblance of justice in this case, but he's like the one cockroach you see vs the hundreds scurrying behind the walls...
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Gender: FemaleHometown: Michigan
Member since: Thu Oct 18, 2007, 02:12 PM
Number of posts: 4,959