September 19, 2005

I Hear Sing Sing is Lovely This Time of Year

The Tyco Boys are going to do hard time. Very hard time, as in up to 25 years, 8 years minimum, to be served in a maximum security facility such as Attica or Sing Sing. They also have to pay restitution, and fines of tens of millions of dollars. These law professors argue for less harsh sentences, on the grounds that they would be unlikely to be repeat offenders. I think the same line was tried at Nuremberg, with similar results.

In case you're keeping score:
  • The Tyco Boys - 2 @ 25 years plus restitution and fines
  • Ebbers - 25 years
  • Olis - 24 years
  • Rigas - 15 years
Scrushy, of course, was found not-guilty, and now dogs the tracks of his successors.

I give Ken Lay a 1-in-6 shot at acquittal, over/under on the sentence is 20 years.

When I was a kid I read about the big tycoons from the Depression who were bankrupted and imprisoned. A teacher told me that was a sign of how ruthless the times were, how few safeguards were in place, and how hungry people were for vengeance after the economic impact of the crash on their lives. We mutually agreed it was good we lived in modern times and would never see such a thing again...

1 Comments:

Blogger JAB said...

What ever happened to the expression "War Profiteer," with its connotations of utter loathesomeness?

September 19, 2005 at 10:23 PM  

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