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Corrupt Practices!

Thursday, May 9th, 2013

The Foreign Corrupt Practices Act of 1977 (“FCPA”) was enacted for the purpose of making it unlawful for all U.S. persons to pay money “ . . . to a foreign official to influence the foreign official in his or her official capacity . . .”  You may have read last year that Walmart is being investigated by the U.S. Justice Department for potential violations [...]

JPMorgan Chase and The US Congress

Monday, March 18th, 2013

I must say, after watching the televised hearings of the US Senate Permanent Subcommittee on Investigations, the people in charge at JPMorgan Chase while the London Whale saga was happening don’t come off looking very well at all.  In fact, if you ask me, it appears to have been a pretty shabby performance all around. Still, while I was watching, another, somewhat more hopeful thought [...]

Taxing “Rich” People

Tuesday, December 25th, 2012

It’s been said by some in the debate over raising taxes on “the rich” that the rich by and large understand they need to pay more taxes than they currently do, and agree that they should.  I support this view.  Not to say the rich are anxious to pay more – I don’t know anyone who is – but most are smart enough to recognize [...]