Thursday, September 09, 2010

Barney Frank: "Whistle Blowing is Fun!"

Thanks, pal.

Why should Cisco and Westcon not try to protect themselves from the federal government? The plan sounds like it was a good one: Pay some bribes to win contracts, and then overcharge to recoup the cost of the bribes.

The so-called "whistleblowers," Norman Rile and Neil Roberts, could each get at least $10 million for blowing. The whistle, that is. Not Barney. The abomination that is the recently passed Dodd-Frank law is what makes it all possible.

This administration and this majority in Congress hate U.S. industry. They hate American exceptional ism. They do not believe in free market capitalism. And they think the answer to everything is more regulations, more taxes, and more government. The problems of large government control cannot be solved by more government control.

From Daily Finance:

Even without settlements, those two whistleblowers have triggered the recovery of almost $200 million. Now that whistleblowing is taking off in the wake of the Dodd-Frank law -- one attorney has gotten more calls in the past three weeks than in the past three years, and says the claims appear real -- perhaps taxpayers will see a meaningful amount of their money returned. That's a kind of spending cut everyone can agree on. [emphasis mine]

Uh, no. Promising payment from extorted funds to people who rat out others is not a spending cut. This will never keep up with the growth of Leviathan anyhow.

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