7/12/2007

Another shit Bush appointee sits on his ass. Again.
Q: If you walk into a bank with a gun drawn with every intention of robbing it but don't get any money because none was there, are you guilty of a crime?

Well, apparently not according to former SEC head Harvey Pitt. It is well known in business circles that the COB of Whole Foods deliberately launched a campaign of lies, exaggerations, and widely published falsehoods about a competitor company called Wild Oats. He did this because he was trying to drive Wild Oats stock price down from $8 to $5 so Whole Foods could take over the company. The campaign failed, the stock is now over $15, but is there something wrong here?

There was a clear attempt to damage stockholders (you morons), harm the credit rating of Wild Oats, and perhaps cause the discharge of Wild Oats management. Harvey Pitt let the entire thing slide. He's the same guy who allowed fake accounting (Enron, who was a former client of Pitt's, and other criminals) to almost destroy portions of the economy before he was finally fired.

Tell me again how great GW Bush is.

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