The State of the State: Observations of Law and Politics in Mississippi

Tuesday, April 27, 2010 - 10:44

Attached below is a news story retrieved from www.southernstudies.org which examines recent polling data obtained by DailyKos/Research2000. The polling data indicates that the "net opinion" of every geographical region in the country is that the country is headed in the wrong direction. This is not the interesting part.

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Monday, April 26, 2010 - 17:54

There is a saying old saying among poker players: If you can't identify the mark at the table, you're probably him. The mark is the sucker. The guy who is caught with enough money to play, but not enough sense to keep it.

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Monday, April 26, 2010 - 16:26

Enablers are the third parties whose actions or inactions provide a sheen of legitimacy for the wrongdoers. Whereas the mob may use a waste management business to provide a cover of legitimacy for its ill-gotten gains, investment banks and corporate wrongdoers use more sophisticated means.

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Monday, April 26, 2010 - 10:42

Situation #1: A company which aims at being a major global player in its industry adopts an aggressive growth-by-merger-and-acquisition strategy, which is largely fueled by the price of the company's stock. This strategy makes the company an important client of its investment bank, which is paid lucrative up-front fees for handling the transactions behind the mergers and acquisitions.

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Saturday, April 24, 2010 - 10:26

David Brooks is an excellent writer and formidable thinker. His books, Bobos in Paradise and On Paradise Drive, are both insightful and laugh-out-loud funny at times. And, while I do not always agree entirely with his opinion editorials in the New York Times, his take on things is honest. I get where he's coming from.

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Friday, April 23, 2010 - 17:01

So it seems that Harry Reid has decided to force a Senate vote on the financial reform bill. Good. The vote should serve to polarize the positions of the parties. You cannot adequately police Wall Street without giving the cops on the beat enough ammunition. This should be the constant refrain from the Democrats.

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Friday, April 23, 2010 - 14:51

And facing down the rabbit hole: aider-and-abettor liability and state enforcement authority must be addressed and repaired in the financial legislation.

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Thursday, April 22, 2010 - 10:37

Many times, the key to a successful negotiation is the ability to convince your opponent that he or she is getting the better end of the bargain. When your opponent is convinced of the illusion of control, he or she is is less likely to resist your advances or become defensive. The impression of control is many times created by slowly giving ground to your opponent while subtly diverting them in the direction you desire. In short, some of your best successes come when the other side thinks it has won, and you know better.

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Wednesday, April 21, 2010 - 15:59

If you want to get a sense of perspective of the stakes surrounding the financial reforms being considered and proposed in Washington, consider this -

"Since 1990, investment firms and their staff have given a staggering $683 billion to federal election campaigns. While Democrats have done better in recent elections, this industry is not partisan: Over two decades the donations have split 51% to Democrats, 48% to Republicans. The GOP got a majority of the money from 1996 through 2004."

The Wall Street Journal story from which this quote comes is linked below.

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Wednesday, April 21, 2010 - 07:52

The Clarion Ledger ran an Associated Press story this morning entitled "GOP reps. plan initiative over health reform" that discusses a proposed ballot initiative which would amend the state constitution to prohibit compulsory participation in a health care system or plan. In the article, State Representative Steven Palazzo of Biloxi is quoted as saying, "We're just trying to keep Mississippians from being mandated into a health care plan or being forced to buy health care. It's something we can't afford, and it's immoral."

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